GBP/JPY Drops By 108 Pips
January 10, 2019 12:47 pmVideo
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It’s time once again for the Dukascopy Midday Snapshot, where we take a look at the trader performance over the 12 hours to midday.
Euro/Dollar has been moving towards the 1.15 level as the pair declined by 52 pips. Traded volume is high and neutral sentiment of the traders is 10 percent long. Gradual downtrend makes a successful morning session more likely for those who were in short positions.
Pound/Dollar’s decline measures at a total of 74 pips and a loss of point 45 percent was posted at noon. The Cable sees a typical amount of funds and the neutral sentiment of the traders is three percent short. Gradual downtrend has provided plenty of profit opportunities for those who were in short positions.
Dollar/Yen recovered after the early decline and only a slight loss was recorded at 12 o’clock. Traded volume is average and neutral sentiment is at an even balance. Bears had their chances early on, but the following rise was good news for bulls.
Pound/Yen dropped by more than 100 pips to trade point 59 percent in the red at noon. Traded volume is extremely high and neutral sentiment is six percent short. Sharp decline has provided plenty of profit opportunities for those who were short.
Euro/Yen moved South by 62 pips and a loss of point 36 has been recorded. Traded volume is low and neutral sentiment of the traders is two percent short. Decline makes a successful morning session more likely or bears.
I’m Jack Everitt and that wraps up Thursday’s Midday Snapshot.
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