EUR/JPY maintains downward pressure; bears aim at 94.80

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The euro is in no-man's land for the moment as the uncertainty continues."
- Shane Oliver, AMP Capital (based on CNBC)

Pair's Outlook

EUR/JPY is remaining neutral for now, though it might reiterate a bullish trend. And if the pair moves higher, 95.81 (PP Weekly) is likely to be an initial resistance line for bullish investors, a breakout of which would expose 96.35 (Upper resistance line) and 98.23 (55-day SMA), respectively.

Traders' Sentiment
Traders' sentiment is bullish on EUR/JPY. 67% of market participants are currently holding long positions and 33% of them are staying short on the currency pair. Within 100-pip range, the bullish sentiment weakens as only 53% of investors are anticipating the pair to continue to rise.
© Dukascopy Bank SA
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Actual Topics

Fri, 03 Aug 2012 13:43:58 GMT

AUD/USD sticks to an upbeat momentum, might hit 1.0530

AUD/USD slightly recovered, and for now it maintains a bullish inertia. If bulls manage to develop a strong upward trend, then investors might encounter the second and third resistance levels at 1.0581 (R1 Monthly) and 1.0704 (R3 Monthly) as bullish momentum strengthens.

Fri, 03 Aug 2012 07:43:17 GMT

USD/CHF is headed towards 0.9923/39

Following repeated attempts of USD/CHF to commence robust recovery, resistance at 0.9809/25 allowed further appreciation of the U.S. Dollar after a pair's deep pull back down to 0.9711/0.9680. USD/CHF is expected to remain on a bullish path for now and encounter an initial resistance at 0.9923/39, while extension of a rally will require 1.0003 to be broken.

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