EUR/JPY gravitates towards 139.03/138.65

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The most promising recovery signs are largely confined to northern countries, with strong growth being recorded in Germany, the Netherlands and Austria. More southerly countries continue to disappoint."
- Market (based on The Wall Street Journal)

Pair's Outlook

EUR/JPY stopped short of challenging the resistance at 140.67/29 (weekly R1) and returned back to the support represented by the 2009 highs and the weekly pivot point. Here the price is expected to receive bullish impetus and resume movement towards the up-trend resistance line at 142.97 that has been in force since the end of 2011, a scenario implied by the daily and monthly studies.

Traders' Sentiment

While on average the 17-nation currency became significantly more popular than yesterday (the share of Euro-long positions in its crosses jumped to 47% by six percentage points), this change was not observed in EUR/JPY, where 41% of positions are still long and 59% are still short.
© Dukascopy Bank SA
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Actual Topics

Tue, 03 Dec 2013 15:23:03 GMT

AUD/USD to put pressure on 0.9049

Neither a yesterday's 40-pip spike through the resistance at 0.9126 nor a today's dip down to 0.9049 were able to help AUD/USD escape the range created by two weekly pivots.

Tue, 03 Dec 2013 07:30:12 GMT

USD/CHF surged up to 0.9128/12

Although many of the short-term technical indicators were giving ‘sell' signals, USD/CHF was able to find support at 0.9023/17 and pierce through the resistance at 0.9078/74.

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