EUR/JPY rebounded from 107 JPY

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The discussion in Germany currently is that people are aware this is not a long-term solution so most people know we will have the same situation in a couple of months where they have to decide to provide more funds or not.  
- Commerzbank (based on Reuters)

Pair's Outlook
Pairs bearish dip has extended to the third day as at the moment it is being supported by monthly pivot (R1) at 105.48. It is rather plausible that losses on the pair will extend further and we should see an attempt to fall below 105 JPY in upcoming few trading sessions.

Traders' Sentiment
Uncertainty regarding pairs future is still present in the market as there is almost equal amount of bears and bulls in the market. Distribution of pending orders suggest some of a relief as 60% of all pending orders on the pair are to go short.  

© Dukascopy Bank SA
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Actual Topics

Wed, 28 Nov 2012 16:15:35 GMT

AUD/USD dips to 1.0421

After rebounding from 1.0479 pair dipped down to weekly PP at 1.0421 where it received a bullish impetus and at some point have climbed 35 pips and at the moment is trading at 1.045. Technical indicators give mixed signals, but attention should be paid to the Stochastic indicator which point at depreciation of the pair.

Wed, 28 Nov 2012 08:54:48 GMT

USD/CHF to challenge 0.9321/33

USD/CHF has just bounced off an up-trend support and therefore is poised for additional gains up to 0.9596, being a major up-trend resistance line, in the medium term. The closest resistances are at 0.9321/33 and 0.9362, but are unlikely to halt the price from stepping up, while a combination of the 100 and 200-day SMAs at 0.9943 and 0.9473, respectively,

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