EUR/JPY advances above 20-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"My worst fears are confirmed. This is what I was afraid of, that the euro would be preserved and it would pervert the venture and destroy the European Union. Instead of the solidarity that was supposed to be embodied, it became every country by itself."
- George Soros (based on The New York Times)

Pair's Outlook
Pair continued it's rally after a bounce off October low and at the moment is consolidating above weekly R1/20-day SMA at 133.74. We expect that some bearishness, most likely around September or October highs, should follow up next, but overall trend should remain bullish. In case of an unexpected failure, if the pair dips below 133.39 it should be sold off to 132.45. 

Traders' Sentiment
Bearish side of open positions increased by 2% since yesterday and is at 53% gauge today. At the same time, bullish side of pending orders increased by 4% and is at 55% today.

© Dukascopy Bank SA
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Actual Topics

Tue, 12 Nov 2013 15:50:05 GMT

AUD/USD supported by the 100-day SMA

Pair continues to depreciate and at the moment is testing the strength of 100-day SMA.

Tue, 12 Nov 2013 07:39:05 GMT

USD/CHF respected 0.9204/.9186

Now that USD/CHF has confirmed the area at 0.9204/0.9186 (monthly R1 and 100-day SMA) as the new support, the U.S. Dollar is well-positioned to continue the advance from 0.8890 en route to the 200-day SMA at 0.9316.

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