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- FX Prime (based on MarketWatch)
Pair's Outlook
The U.S. Dollar has just returned to the upward-sloping line it has recently broken. If the currency manages to climb over 101.64/54, the next target will be the monthly PP and 55-day SMA at 101.85/78, followed by a down-trend and 100-day SMA at 102.08/02. Conversely, should the bears prevail here, the pair will be then thrown back to 101, which acts as a key support level for the time being.
Traders' Sentiment
The SWFX market participants are net buyers in USD/JPY, being that the share of long positions stands at 73%. The commands to purchase the Greenback are also in a majority—they take up 60% of the total amount of orders.
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