EUR/JPY sets eyes on 104 JPY

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Eurozone finance ministers hope to finally strike a deal on giving Greece more time for its adjustment. The decisive phase for Greece has started."
- ING Group (based on Bloomberg Businessweek) 

Pair's Outlook
After bouncing from 102.20 pair is continuing its rally. On the way it breached weekly pivot and now set eyes on 104/104.11 area. Technical ideas support the idea that pair should advance further but it is highly unlikely it will stay above 104 JPY for a long time.

Traders' Sentiment
Amount of bears is in 60-65% boundaries for slightly more than a week now. Distribution of pending orders hasn't been changing much as well—amount of pending buy orders has been around 60% gauge for almost a week as well.

© Dukascopy Bank SA
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Actual Topics

Wed, 31 Oct 2012 16:31:26 GMT

AUD/USD unable to breach 1.0378

Pair once again tried to advance, but did not manage to stay above weekly pivot (PP) at 1.0378 for long. At the moment it is hovering slightly below 100 bar SMA at 1.0367. It might be that pair will try to step up once more, but it becomes evident that bearish dip, pointed out by Stochastic indicator, is just around

Wed, 31 Oct 2012 08:18:11 GMT

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