USD/JPY thrusts higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The risk is still that we will see U.S. yields generally higher out of the Fed and that theU.S. dollar will probably be stronger."
- National Australia Bank (based on Bloomberg)

Pair's Outlook

USD/JPY is once again trying to restart a rally that has been failing to emerge for the past two quarters. However, as a result of the latest attempt of the U.S. Dollar to recover, the weekly PP and 55-day SMA have already been breached, leaving the 100 and 200-day SMAs exposed. Once this resistance is overcome, there will be only the monthly R1 at 102.91 guarding this year's peak just above the level of 104.

Traders' Sentiment

SWFX market participants stay strongly convinced that USD/JPY's future is strictly bullish, being that 73% of open positions are long. Concerning the pending orders, as many as 59% of them are placed to acquire the buck against the Yen.
© Dukascopy Bank SA
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Actual Topics

Wed, 18 Jun 2014 06:20:13 GMT

USD/CHF rebounds from weekly PP

The currency pair found support in the face of the weekly pivot point and 20-day SMA at 0.8977/72, meaning USD/CHF could soon approach the monthly R1 once again.

Wed, 18 Jun 2014 06:19:40 GMT

GBP/USD capped by 2009 highs

GBP/USD did refresh the 2009 highs yesterday, but its prospects are dim, since the pair appears to be indecisive in the presence of 1.70.

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