USD/CHF closes in on 0.8975

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"With much of the money on the sidelines, prices can be either quite volatile or deadly dull."
- IronFX (based on MarketWatch)

Pair's Outlook

After hitting 0.8930/26 USD/CHF right now is slowly grinding towards 0.8976. The rally could potentially extend up to the down-trend resistance line at 0.9031/13, but should be capped by it, being that the supply zone is reinforced by the February low and the 55-day SMA. In the meantime, the technical indicators are mixed and therefore do not suggest any specific direction.

Traders' Sentiment

Apparently, more traders got encouraged by the recent price action, since the portion of long positions added three percentage points and now they take up 74% of the market. However, the percentage of buy orders in the 50-pip range from the price dropped from 94% to 80%.
© Dukascopy Bank SA
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Actual Topics

Thu, 26 Dec 2013 16:14:24 GMT

EUR/JPY to face 145.18/04

"The fact that BOJ members are concerned that improvement in growth, jobs, and consumer prices may not be as robust as before signals they will take some kind of measures going forward."- Bank of Tokyo-Mitsubishi UFJ Ltd. (based on Bloomberg)Pair's OutlookAmong the nearest resistances, neither the weekly R1 at 143.12 nor the weekly R2 at 143.96/91 are expected to hinder

Thu, 26 Dec 2013 07:52:09 GMT

USD/JPY is rapidly approaching 105.04/104.92

While the activity in most of the major currency pairs is currently sluggish, USD/JPY is quickly closing the gap between the spot and the resistance at 105.04/104.92.

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