USD/JPY denied by 98.82/68

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Fed is not going to be able to start to withdraw from stimulus for quite a long while now, well into the new year. The market will begin to focus on that again, at some point, and that will probably continue to weigh on the U.S. dollar."
- OzForex Ltd. (based on Bloomberg)

Pair's Outlook

Among all nearby resistances a combination of the monthly PP and 100-day SMA turned out to be the most formidable, successfully repelling several attacks of USD/JPY since Oct 11. Still, considering that the pair is strongly supported by the 200-day SMA and the up-trend line, it is likely the Dollar will soon resume the surge it started on Oct 8 after hitting the bottom at 96.92.

Traders' Sentiment
The bullish traders have lost yet another percentage point and now amount to 66% of the market. Nevertheless, they are in a distinct majority, meaning USD/JPY is still broadly expected to rise in the future. The distribution between the buy and sell orders is respectively 65% and 35%.
© Dukascopy Bank SA
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Actual Topics

Wed, 16 Oct 2013 06:30:26 GMT

USD/CHF closes above 0.9128

Yesterday USD/CHF inched higher and thereby has finally surpassed the June low, although we were expecting a pullback down to 0.9021 prior to that.

Wed, 16 Oct 2013 06:30:13 GMT

GBP/USD hovers just above 1.5965

The most recent price action threatens intactness of the rising line that in turn safeguards the medium-term positive outlook.

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