EUR/JPY tested 99

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Risks to Japan's economy are heightening, so further monetary easing is necessary."
- Kazumasa Iwata, former deputy governor of Bank of Japan (based on Reuters)

Pair's Outlook

EUR/JPY tested 99 mark today, but was rebounded from weekly S1 at 99.017. It is highly unlikely pair will advance above 99. Actually it is more likely that pair will continue to stay around 98.5 in short term, but will be pushed below 98 in medium term.
 

Traders' Sentiment

Pairs bullish strengthened by 2% since yesterday and reached 55% mark. Amount of pending buy orders dropped to 69%, first time below 70% in almost a week.

© Dukascopy Bank SA
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Actual Topics

Tue, 04 Sep 2012 14:54:39 GMT

AUD/USD reaches 7 week low

Pairs outlook remains negative in the short term. However, it is likely that cluster of support levels at 1.0184/73 will at least slow down the pair or even will push it closer to 1.03.

Tue, 04 Sep 2012 07:44:24 GMT

USD/CHF to slide lower

USD/CHF continues to close in on an uptrend support line at 0.9429/0.9397 and only a support area at 0.9489/66 separates them. Once the upward sloping trendline is reached, the pair is expected to receive strong bullish impetus and recover, although we may not yet rule out a possibility of an extension of a dip down to 0.9356 or even 0.9253.

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