EUR/JPY Rises Above 125
January 29, 2019 1:01 pmVideo
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The morning session is over on this Tuesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/dollar has walked in a total range of only 30 pips, but the pair sees a typical amount of funds. The neutral sentiment of the traders is leaning towards the long side by 13 percent, but the generally flat rate movement is the limiting factor for both bulls and bears.
Pound/Dollar’s biggest move is just 49 pips, but trading has been active and volume is high. Neutral sentiment of the traders is leaning towards the long side by 5 percent. Rate movement has been calmer than usual, providing both sides with only limited profit opportunities.
Dollar/Yen has been trending higher and a gain of point 18 percent has been posted. Traded volume is extremely low and neutral sentiment of the traders is just eight percent short. Uptrend makes profits more likely for bulls, but the calm trading approach is the limiting factor.
Pound/Yen rose by 81 pips hours into the session and a gain of point 19 percent was recorded at 12 o’clock. Traded volume is high and neutral sentiment of the traders is 3 percent long. Late rise has provided bulls with their profit chances.
Euro/Yen’s chart shows a steady uptrend and it has resulted in a gain of point 24 percent. Traded volume is average and most of the market players have been forecasting the pair to head higher. It did go per those expectations, making profits very much likely.
I’m Kiays Khalil and that’s how things look so far for currency traders.
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