EUR/JPY on the way to three-week low

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"All three of those central banks (the ECB, BOJ and Fed) are looking at the strength of their currencies, so as soon as we have too sharp movements in any direction, the corresponding central bank will be forced to move, at least verbally, and we'll see a correction." 
- Commerzbank (based on CNBC) 

Pair's Outlook 
The Euro tested the resistance cluster around 136.00 yesterday, but ended the day below the opening price. Moreover, the EUR/JPY currency pair pierced the 20-day SMA, which kept the cross afloat for more than a week. Today the single currency pierced the strong support around 134.40, which should trigger a decline towards the monthly S2 at 132.63, a level that caused the initial rebound three weeks ago. Meanwhile, technical studies are unable to confirm the bearish scenario with their mixed signals. 

Traders' Sentiment 
Bears remain in the majority, taking up 52% of the market. At the same time, the number of purchase orders added eight percentage points up to 42%.
© Dukascopy Bank SA
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Actual Topics

Tue, 22 Sep 2015 14:02:07 GMT

AUD/USD tests cluster at 0.7075

The monthly pivot point not only limited yesterday's upside volatility, but also caused the AUD/USD to slump 63 pips.

Tue, 22 Sep 2015 07:23:48 GMT

Gold keeps hovering above 1,130

Bears attempted to gain control over the market, but they managed to push the price of gold only below the first important support, namely the 50% Fibonacci retracement of Aug-Sep downtrend at 1,134.

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