EUR/JPY: risks of falling down persist

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"(People will just wait and see what happens after the [Greek] referendum. The dynamics are still difficult for the market. There's another turn every other day, a new rumor, a new leaked document." 
- Compass Capital AG (based on Bloomberg) 

Pair's Outlook 
Despite strong volatility to the upside, the EUR/JPY cross still declined on Wednesday, but not as much as anticipated. Rather than finding support at the lower Bollinger band, the pair encountered it at the 136.00 major level. If the Euro manages to rebound from this area, the resistance cluster around 137.00 should limit any gains. Nonetheless, technical indicators are now giving bearish signals, suggesting the single currency is to edge lower against the Yen, with the nearest support located around 135.54, namely the Bollinger band. 

Traders' Sentiment 
Traders' sentiment worsened again, as only 45% positions are long. The number of buy orders returned to its Tuesday's level of 26%.
© Dukascopy Bank SA
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Actual Topics

Thu, 02 Jul 2015 14:21:05 GMT

AUD/USD to sustain losses again, April low in sight

The Australian Dollar behaved in accordance with the forecast yesterday, as it edged lower versus its US counterpart.

Thu, 02 Jul 2015 07:33:14 GMT

XAU/USD retreated for a third day

At the moment XAU/USD is falling further in the direction of the nearest support, which is placed at 1,162 (Jun 5 low, weekly S1 and lower Bollinger band).

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