USD/JPY about to reach 100.62/40

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The yen can only go down now. Yes, we need to be aware of the risk of the Fed's tapering but Yellen is unlikely to do anything drastic. With the world's major central banks all having a dovish bias, we are going to see a rally in risk assets."
- a trader at a Japanese bank (based on CNBC)

Pair's Outlook

USD/JPY extended its bullish run by surpassing the weekly R1 at 99.87. Now the September high at 100.62 is supposed to be the next objective for the currency pair, being that daily and monthly technical indicators are mostly suggesting a positive outlook for the price. In the longer-time perspective USD/JPY should seek a meeting with the May high at 103.74.

Traders' Sentiment

Although USD/JPY has just soared by more than 100 pips, it does not seem that the bullish towards the currency pair traders are in a hurry to take profits, expecting the up-trend to persist, as evidenced by the portion of long positions that continuously remains above 70%, currently 73%.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 15 Nov 2013 08:30:40 GMT

USD/CHF struggles at 0.9204/0.9179

USD/CHF quickly covered the distance between 0.9130/28 and 0.9204/0.9179 yesterday, but today appears to be having difficulties at the resistance that is formed by the weekly PP, monthly R1 and 100-day SMA.

Fri, 15 Nov 2013 08:09:04 GMT

GBP/USD went through 1.6066/45

Yesterday the Cable ran into a dense resistance zone that includes the monthly pivot point and 20 and 55-day SMAs.

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.