© Dukascopy Bank SA
- Australia & New Zealand Banking Group Ltd. (based on Bloomberg)
Pair's Outlook
General idea in USD/JPY pair does not change, since the price still moves in the channel. Yesterday the price rebounded from an upper boundary at 82.55 and slipped lower. Currently the currency pair is breaching the weekly PP at 82.37 and is very close to the 20-day SMA, which is at 82.24. If the price overcomes this SMA and settles beneath it, it is very likely to see depreciation. However, until this happens, the currency pair maintains bullish sentiments.
Traders' Sentiment
SWFX market participants et participants keep their expectations to experience an appreciation of the Dollar, since 65% of traders have long positions and 35% have short positions. In the pending orders segment, short orders increases its part till 19% and buy orders shrinks to 81%.
© Dukascopy Bank SA