EUR/JPY attempts to keep bullish bias

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The euro is still a sell on rallies."
- Saxo Bank (based on Reuters)

Pair's Outlook

EUR/JPY fell today as the Greek post-election optimism faded, bringing problems of Spain back to the spotlight. If bullish trend keeps maintained, 101.29 level (R1 Weekly) is going to be the first target. A breach of this line would pave the way to 102.13 (Upper Bollinger band; R2 Weekly) and 103.74/53 (200-day ma; R1 Monthly) levels.

Traders' Sentiment
Bulls constitute 54% of the total amount of positions opened on EUR/JPY, whereas bears form a smaller part of the market, namely 46%. Within 100-pip range from the present market price, 62% of investors expect the pair to advance further.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 19 Jun 2012 16:09:46 GMT

AUD/USD targets 1.0283

AUD attempts to move higher against the US dollar as the Spanish debt turmoil came back into the spotlight. Thus, if AUD/USD to remain bullish, 1.0212 (R1 Weekly; Upper Bollinger band) is going to be the first target for bulls, followed by 1.0283/312 (200-day ma; R2 Weekly) and 1.0493 (R3 Weekly) in case the pair moves higher.

Tue, 19 Jun 2012 08:45:43 GMT

USD/CHF rallies above 0.9508/0.9497

USD/CHF has managed to close a downside gap and is currently advancing further. Still, the currency couple may falter at 0.9585/95, breach of which would imply strengthening bullish momentum. Failure to overcome it, on the other hand, will likely lead to a challenge of a support at 0.9508/0.9497. Additional levels are at 0.9443 and at 0.9382/67.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.