EUR/JPY dipped to 105.7

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Everyone is looking at the probability they will come up with a solution by Monday. But there may be more disappointment than many people expect. The market has not properly priced the risks that are on the table."
- Commerzbank (based on Reuters)

Pair's Outlook
After strong rally yesterday, pair slowed down today and has dipped to as low as 105.7. However, Bollinger band seems to be providing enough support for the pair to keep it hovering at slightly above 106 JPY. Although technical indicators give neutral outlook it is fairly obvious pair should be in "overbought" state and we should see a bearish correction after which it will become clearer if this rally will continue. 

Traders' Sentiment
Share of bears in the market hasn't changed since yesterday as they account for 54% of all market participants. Distribution of pending orders point at completely the opposite—60% of all pending orders on the pair are to go long.

© Dukascopy Bank SA
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Actual Topics

Thu, 22 Nov 2012 15:58:34 GMT

AUD/USD hovering below 1.04

Pair started session  with an attempt to advance above 1.04 mark, but was pushed back to 1.035. However, it managed to return to session opening level at around 1.038 where it currently is trading. Most of the technical indicators give neutral outlook on the pair suggesting it will be mainly driven by market sentiment which points at a bullish rally

Thu, 22 Nov 2012 17:06:01 GMT

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