© Dukascopy Bank SA
- Westpac Banking Corp. (based on Bloomberg)
Pair's Outlook
After only a sole bearish daily candle USD/JPY has recommenced growth that should not meet any strong resistances until 92.27, the most probable point of contact with the upper edge of the bullish channel, apart from it being a weekly R1. Technical studies are mixed but the latest price action should encourage bulls, since the pair appears to preserve upward momentum.
Traders' Sentiment
SWFX traders' sentiment is almost perfectly neutral with respect to USD/JPY, even though the Yen is more popular in the market than the Dollar on average in their respective crosses. The share of bulls is 51%, whereas the bears constitute 49% of the market. Concerning orders, there is a clear prevalence of buy orders (84%) over sell ones (16%).
© Dukascopy Bank SA