USD/JPY ready for lift-off

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If we get a weak payrolls number, the dollar could weaken back to the 97 yen level. But if it's a strong number, I doubt we'll be able to test 100 yen again, at least for now."
- Yasuhiro Kaizaki, Sumitomo Mitsui Trust Bank Ltd. (based on Bloomberg)

Pair's Outlook

Right now the U.S. Dollar is well-positioned to venture north. Firstly, from beneath the rate is underpinned by a strong support zone, consisting of several notable moving averages and the weekly PP. Secondly, most of the monthly technical indicators are giving ‘buy' signals. The only strong resistance USD/JPY will then have to overcome is 99.36/12, it is formed by the weekly and monthly S1.

Traders' Sentiment
The bulls have lost two percentage points since the last report, but still take up an overwhelming majority of the market, namely 72% of it. The advantage of buy orders in the meantime is little less pronounced, though nevertheless is still impressive, currently their share amounts to 68%.
© Dukascopy Bank SA
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Actual Topics

Thu, 07 Nov 2013 08:04:25 GMT

USD/CHF remains capped by 0.9128/12

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Thu, 07 Nov 2013 08:04:13 GMT

GBP/USD gained foothold above monthly PP

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