EUR/JPY stalled by 114.47 once more

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The weaker-than-expected readings follow a run of dismal data, raising questions about future growth as Germany grapples with the fallout from Britain's vote in June ." 
– based on Reuters

Pair's Outlook

The 114.36/47 level proved itself unbreakable, causing EUR/JPY to bounce and shift into a bullish stance on Tuesday. The trend remained intact all morning even after less than satisfactory German fundamental data readings, from which the rate made a quick recovery. The negative surprise was stalled by the multi-month triangle bottom trend-line at 113.91, and the pair is now targeting the weekly Pivot Point at 115.13, which it could attempt during Tuesday's trading session. If broken, the level will serve as support for the rally towards 115.92, the triangle upper trend-line.

Traders' Sentiment

Sentiment remains bullish with 68% of positions being long (previously 66%). The share of buy orders has dropped from 57% to 55%.
© Dukascopy Bank SA
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Actual Topics

Tue, 13 Sep 2016 13:01:20 GMT

USD/CAD once more reaches for weekly R1 at 1.3130

The US Dollar continued its surge against the Canadian Dollar on Tuesday, as the currency exchange rate reached for the weekly R1 at 1.3130.

Tue, 13 Sep 2016 13:12:04 GMT

Strong support ahead for CAD/JPY

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