USD/JPY spikes down

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Source: Dukascopy Bank SA
© Dukascopy
"The 10 trillion-yen increase was seen as a minimum expansion, and the failure to reach 15 trillion yen is very disappointing for markets. The yen is being bought as risk sentiment is worsening in part because of Sandy"
- Nomura Securities Co. (based on Bloomberg)

Pair's Outlook
Yesterday USD/JPY pair rebounded from the 200-day SMA at 79.65 and moved up to the weekly PP at 79.75. Currently, pair made a spike down amounting to 50 pips. If this sharp movement is sustainable, then the next support might be met at 79.06/14, where the monthly R1, weekly S1 and 20-day SMA go. If it is just a short term movement, resistance levels will be 79.60/75 area or 80.18/28 zone.

Traders' Sentiment
SWFX market participants hold harshly bullish sentiments on USD/JPY pair, as 71% have a long and 29% have a short position. Placed orders segment's distribution is even more single-minded, as 80% orders are buy and only 20% are sell.

© Dukascopy
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Actual Topics

Tue, 30 Oct 2012 08:23:28 GMT

USD/CHF consolidates

USD/CHF pair loses its moving momentum and today the price has bounced down from a 93.61 level, also touching the 55-day SMA at 93.75. As the price eases its appreciation pace, we might expect some correction till near support levels around 0.9330, the 20-day SMA and weekly PP. After this the price might surge and check 0.94 level properly.

Tue, 30 Oct 2012 08:21:55 GMT

GBP/USD fluctuates around 20-day SMA

As yesterday's price drop broke through the 20-day SMA and the weekly PP so easily, today the price slightly retreats back and looks for a resistance around there. If it is found, it is very likely that the price will decrease further and reach 1.5951 level, where the lower Bollinger band lies and the weekly S1 goes. If the alternative

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