EUR/JPY retreats from weekly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Overall, the message from the euro zone PMIs were a good, positive surprise. It gives some support to the idea that we are going to get stronger activity growth."
- Commerzbank (based on CNBC)

Pair's Outlook

While yesterday the Euro continued to steadily appreciate relative to the Yen, today's trading session was associated with much more volatility and indecision. The currency pair has already managed to test the resistance at 142.91/15 and return back to 141.47/41. Nevertheless, given that weekly and monthly indicators stay mostly bullish, the upward momentum may still be intact.

Traders' Sentiment

The gap between the bullish (48%) and bearish (52%) market participants is still minimal—merely four percentage points, meaning the traders are divided regarding future direction of EUR/JPY. Concerning the sell orders, however, their share surged from 51% up to 76%.
© Dukascopy Bank SA
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Actual Topics

Thu, 23 Jan 2014 15:36:49 GMT

AUD/USD contained by 0.8895/45

As it turned out in the end, the bullish impetus AUD/USD exhibited yesterday proved to be unable to pierce through the resistance created by the August low and the weekly pivot point.

Thu, 23 Jan 2014 07:41:12 GMT

USD/CHF targets 0.9176/60

While being supported by 0.9091/59, USD/CHF is cautiously approaching the resistance at 0.9176/60 (200-day SMA), which is a key to the long-term advancement of the currency pair.

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