EUR/JPY trades in 40 pip range

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Source: Dukascopy Bank SA
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"Exports have been influenced by supply chain changes and problems in Europe, some advanced economies and also in China. And we are also suffering from a very appreciated yen." 
-Takehiko Nakao, vice finance minister for international affairs (based on The Globe and Mail)

Pair's Outlook
Pair was relatively stable today deviating  in 40 pip range as 100 day SMA and weekly PP provided strong resistance and support for the pair. Pair's outlook remains neutral in short and medium term, but technical indicators give rather strong buy signal and pair is likely to advance above 99 Yen mark at least temporary. 
 
Traders' Sentiment
Traders sentiment Continues to stay around 50% mark for both sides as pair remains rather stable. However, for the second day in a row, 80% of all pending orders are buy orders indicating that traders are waiting for pair to breach a specific level.

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Actual Topics

Wed, 29 Aug 2012 15:01:26 GMT

AUD/USD advances for second day

Pair bounced from monthly PP, but 1.0401 provided enough resistance to slow down pairs advancement further.  Although pairs outlook is neutral in the short term, the Stochastic indicator supports the probability of pair gaining momentum and advancing further.

Wed, 29 Aug 2012 06:53:14 GMT

USD/CHF is bearish

As expected in the previous report, an accelerated downtrend resistance line in conjunction with the 100 day SMA and weekly PP rejected USD/CHF, sending it towards 0.9518/04, below which lies 0.9407/0.9395—support that preserves long-term bullish bias as long as it remains intact. However, we may not yet rule out a possibility of a move lower, to a support zone at

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