EUR/JPY stays above 125.08/124.96

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
"When politicians hold such a firm grip on the currency like the Japanese officials do, then one must expect volatility."
- Forex.com (based on MarketWatch)

Pair's Outlook

EUR/JPY has received a little but still a boost from the interim support level of 125.08/124.96, confirming its relevance in determining the price action. Nonetheless, the possibility of a pull-back down to 123.29/122.78 is not ruled out, though there are currently more arguments that speak in favour of the bullish scenario than in favour of an alternative course of events.

Traders' Sentiment
Positioning of the SWFX marketplace participants towards EUR/JPY is unchanged since yesterday, as the distribution between long and short positions is 49% to 51% accordingly. In the meantime, the portion of buy orders has slightly decreased and is now 68%, 73% yesterday.
© Dukascopy Bank SA
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Actual Topics

Wed, 20 Feb 2013 16:13:54 GMT

AUD/USD falters at 1.0371/53

As expected, the most recent surge of AUD/USD proved to be short-lived, failing to breach a combination of two resistances, the 20-day SMA at 1.0353 and weekly R1 at 1.0371.

Wed, 20 Feb 2013 08:11:36 GMT

USD/CHF penetrates 0.9208/0.9198

USD/CHF is currently experiencing a serious sell-off, despite the fact that there was some distance until the down-trend line at 0.9304/0.8284, a key resistance, around which it was expected to commence focusing on lower levels.

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