EUR/JPY closes in on 2009 highs

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The grand coalition in Germany removes a big political uncertainty and will support the euro in the short term."
- Danske Bank (based on CNBC)

Pair's Outlook

Although previously the monthly R2 was able to contain the rally of the currency pair, today the rate jumped above it and is already testing the weekly R1 level. As soon as this resistance gives in, then there will be no significant obstacles between the price and the 2009 highs. However, it may take some time for the resistance at 139.03 to be fully eroded.

Traders' Sentiment

At present we observe a slight preponderance of bearish sentiments in EUR/JPY market—58% of positions are short and 42% of them are long. As for the orders, 68% of them are to purchase the single European currency and 32% are to sell it against the Japanese Yen.
© Dukascopy Bank SA
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Actual Topics

Wed, 27 Nov 2013 15:26:21 GMT

AUD/USD nurses losses

AUD/USD continues to move south, but is about to encounter the demand area at 0.9082/32, which is mainly created by the monthly S2 level.

Wed, 27 Nov 2013 07:45:23 GMT

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