EUR/JPY breaches 100

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The court decision is "one nagging issue that's out of the way and means the focus is now going to be on the Eurogroup meeting. It will mildly support risk." The liability cap "will not prevent the ESM from going ahead which is critical."
-Societe Generale  SA (based on Bloomberg)

Pair's Outlook
Pair managed to breach psychological 100 level today, however it has not gain momentum as expected indicating that traders are not yet convinced that this advancement will last long. It is likely that Bollinger band at 100.440, where the pair is now, and uptrend resistance at 100.785 will put some pressure on the pair slowing it down and eventually pushing it back below 100.

Traders' Sentiment
Sentiment on the pair is in perfect equilibrium between bears and bulls today. However, it is very likely we will see a major strengthening in bullish traders sentiment since 71% of all pending orders are buy orders.

© Dukascopy Bank SA
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Actual Topics

Wed, 12 Sep 2012 15:10:01 GMT

AUD/USD touches 1.5051

Pair touched 1.5051 today, the highest level in more than 3 weeks. However, it was pulled back to downtrend support, which, taking in to account readings of technical indicators, might signal a major bearish correction of the pair in the near future. 

Wed, 12 Sep 2012 08:13:45 GMT

USD/CHF challenges 0.9410/0.9385

Absence of a strong rebound from an uptrend support at 0.9410/0.9385 implies that the market is already not recognizing and respecting this line due to its obsolescence. Nevertheless, this could not yet be predicated. Only once USD/CHF closes below 0.9385 and the area is fully breached, the long-term outlook will be changed to negative.

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