EUR/JPY - prolonged bullish correction

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Within our mandate, the ECB is ready to do whatever it takes to preserve the euro ."
- Mario Draghi, ECB President (based on Bloomberg)

Pair's Outlook
EUR/JPY is going through a slight bullish correction for the second day now after almost two months of persistent decline. 98.534 (55-day SMA) could serve as the first cap for the pair in near term. In case of continuous downtrend, traders should watch weekly S3 at 91.93 as the first target.

Traders' Sentiment
Bulls are ruling the SWFX sentiment index for the pair, as 83% of traders (up from 50% yesterday) are likely to embark long positions on EUR/JPY. Meanwhile, 16% of market participants believe that downside risks in EU are still rather strong and thus will choose to go short. As mentioned before, turmoil in the Euro-area significantly add to the volatility of the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 26 Jul 2012 13:55:18 GMT

AUD/USD rally goes on, 1.0373 in focus

Aussie's rally against Greenback is continuing, and the pair is likely to test the upper Bollinger band at 1.0373 in near term. In case of a successful breach, the pair is likely to be en-route towards 1.0470. the monthly R1, significantly exceeding monthly forecast. After such a sharp climb, there is an increased risk of a bearish correction to weekly

Thu, 26 Jul 2012 18:12:41 GMT

EUR/NZD to test 1.5275

Although RSI indicator shows neutral signal, the bearish reaction that started yesterday continues, and now EUR/NZD currency pair is heading towards an interim support at 1.5275 (Lower Bollinger Band). This level is very likely to reverse the trend to bullish, however, if it is broken, the subsequent support at 1.5144 (Weekly S1) might be the changing point for the current

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.