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Pair's Outlook
Yesterday USD/JPY depreciated from the 20-day SMA at 95.05 and was halted by the weekly S1 at 93.98. The next stop should be a 93.41/19 area, where the 55-day SMA merges with the Bollinger band and the weekly S2 level. However, market waits news from a new BOJ governor and continuation of a recent uptrend is very possible with target prices above a 100 benchmark.
Traders' Sentiment
Investors' sentiments fluctuate sharply, as today SWFX market demonstrates rather weak bullish sentiments compared to yesterday. The buy side has only a 57% market share and the sell side enlarged to 43%. Waiting orders segment indicates similar proportions - 65% of orders are waiting sell the pair.
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