The Euro modestly gained against JPY; targets 103.74

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The Governing Council has reduced the rating threshold and amended the eligibility requirements for certain asset-backed securities (ABSs). It has thus broadened the scope of the measures to increase collateral availability […]."
- European Central Bank (based on CNBC)

Pair's Outlook

EUR/JPY attempts to advance further as it confidently inches towards 101.29 level. If bulls manage to hold the momentum, then after 101.29 level (R1 Weekly) is breached, 102.13 (Upper Bollinger band; R2 Weekly) and 103.74/53 (200-day ma; R1 Monthly) might become the next targets among bullish investors.

Traders' Sentiment
The majority of traders (66%) hold long positions on EUR/JPY, expecting the single European currency to appreciate against Japan's Yen. At the same time, 34% of traders believe in an alternative scenario. As for the orders placed on the currency pair, the majority (53%) are buy orders, leaving only 47% to sell orders.
© Dukascopy Bank SA
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Actual Topics

Fri, 22 Jun 2012 15:40:53 GMT

AUD/USD hits 1.0031, attempts to reach 0.9931

AUD dived against the US dollar, piercing the 1.0031 level. Thus, it is expected that, in case bearish momentum intensifies, 0.9931 (S1 ) is going to be the next target. A breakout here would expose the third level at 0.9665 (lower Bollinger band; S3 weekly).

Fri, 22 Jun 2012 08:06:50 GMT

USD/CHF to reach 0.9756

Bullish inertia of USD/CHF added to gains yesterday and now the pair attempts to pair previous weekly losses. The continuation of the upward trend would allow traders to profit from targeting 0.9595 level, followed by next resistance levels at 0.9676 and 0.9733.

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