EUR/JPY unsuccessful at breaching 100

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We do not see the euro moving much higher from here."
-Commerzbank (based on The Economic Times) 

Pair's Outlook

Pair rebounded after unsuccessful attempts to breach cluster of support levels around 100 and is currently range bound between 100 and 101 as there is no other major support levels there. This bullish rally should last at least until the pair reaches already mentioned major level/20 bar SMA  at 101/101.034. 
  

Traders' Sentiment

JPY is still one of the most sold major currencies across the board   being sold at 72% of all cases. The SWFX sentiment on the pair is still bullish as 68% of positions on the pair are long. Share of pending buy orders (62%) suggest a further strengthening in bullish sentiment in the future. 

© Dukascopy Bank SA
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Actual Topics

Fri, 28 Sep 2012 15:01:33 GMT

USD/CAD recovers some of yesterdays losses

Pairs development shows that bullish rally on the pair has ended and technical indicators on 1 week horizon suggest we might see a sharp drop next week. It seems that downtrend resistance (connects 2nd of August and 5th of September highs) at 0.9795 should not put much of a fight, but breaching 20 bar SMA/monthly pivot (S1) at 0.9769 should

Fri, 28 Sep 2012 08:36:30 GMT

USD/CHF is headed towards 0.9265/53

Bears regained control of the pair and continue to increase distance from 0.9400/41. The nearest support to take heed of is situated at 0.9310, although the main challenge is at 0.9265/53, as the pair might form a double bottom pattern in case USD/CHF bounces from it, which will imply a reversal. Additional levels to beware of are at 0.9214/00 and

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