EUR/JPY breaches 137 mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The presumptions in that, in terms of the deteriorating fundamentals and that the ECB will do more, seem to be coming together quite well. The path of least resistance is for a cheaper euro."
- Canadian Imperial Bank of Commerce (based on Reuters)

Pair's Outlook
Last week the pair fell below the 137 level and failed to appreciate above it. However, today the Euro has breached the weekly and monthly PPs at 136.84/95 and climbed above the 137 mark. The daily and monthly technical studies are bullish, indicating that a further gains are expected. As EUR/JPY is underpinned both by weekly and monthly PPs and technical indicators we expect it to reach the 55-day SMA and weekly R1 at 137.45/47.

Traders' Sentiment
The traders sentiment towards EUR/JPY returned to 31%, after falling to only 29% of them being bullish on Friday. Concerning the buy and sell commands placed, their numbers are almost completely identical at the moment.
© Dukascopy Bank SA
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Actual Topics

Mon, 01 Sep 2014 15:46:04 GMT

AUD/USD touches 55 and 100-day SMAs

The Australian currency continues to hover above the 0.93 level and today it reached the 55 and 100-day SMAs at 0.9349/45, respectively.

Mon, 01 Sep 2014 06:45:46 GMT

USD/CHF heads towards 0.9250

There is now only one significant obstacle left for USD/CHF to overcome in order to reach the resistance at 0.9250, which is formed by the monthly R1 and 2013 Nov 7 high.

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