EUR/JPY is trading flat, 97.93 is still in focus

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Expectations are really building about a strong ECB response to help Spain and Italy. "
- Mary Nicola, BNP Paribas (based on Reuters)

Pair's Outlook

The single European currency traded flat versus the Japanese yen today. If a bullish trend emerges, 97.93 (61.80% Fibo) is likely to become the first resistance for investors, and if it is successfully pierced, a path towards 98.43 (Upper Bollinger band) and 100.53 (100-day SMA) will be cleared.

Traders' Sentiment
Compared to yesterday, bullish sentiment lost some ground as presently 63% of traders expect the pair to continue upward dynamics whereas 37% of investors keep short positions. The order positioning shows that an overwhelming majority of investors (69%) expect the pair to advance further.
© Dukascopy Bank SA
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Actual Topics

Wed, 08 Aug 2012 15:44:03 GMT

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Wed, 08 Aug 2012 17:12:11 GMT

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