USD/JPY pair skyrockets

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It's probable enough that expectations for further easing by the BOJ would trigger selling in the yen. The key is how Abe will act toward the BOJ after the election"
- Gaitame.com Research Institute Ltd. (based on Bloomberg)

Pair's Outlook
In the last two trading sessions, USD/JPY pair was driven by an extremely strong impulse, as the price breached a lot of resistance levels: the upper Bollinger line, the weekly R1 and R2. The next resistance is at 83.84, where the monthly R1 is found. The RSI value entered an overbought zone, as its value is 73.

Traders' Sentiment
Situation in USD/JPY pair changes notably, as the buy side increased to 78% and the sell side shrunk to 22%. Market participants enjoy the surge of the currency pair. Pending orders segment also brings changes, as the buy orders reached 92% and sell orders slipped to 8%.

© Dukascopy Bank SA
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Actual Topics

Thu, 13 Dec 2012 08:36:49 GMT

USD/CHF slips to retest a recent low

USD/CHF pair slips even lower and currently approaches the weekly S1 at 0.9272. If this level does not support the depreciation impetus, than the subsequent level is the Bollinger band at 0.9226, followed by the lower one at 0.9180, where the weekly S2 intersects with the monthly S1.

Thu, 13 Dec 2012 08:36:19 GMT

GBP/USD approaches the Bollinger line

GBP/USD pair demonstrates a strong upside impetus and sharply increases towards the upper Bollinger band at 1.6151. If this resistance does not stop the appreciation, the next level will be at 1.6180, where the monthly R1 intersects with the weekly R2.

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