EUR/JPY inches higher; trades flat

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Europe's debt problems are the biggest risk to the global and Japanese economies."
- Masaaki Shirakawa, BoJ governor (based on Reuters)

Pair's Outlook
EUR/JPY slightly rose today as the Eurozone members discuss the European banking union to help Spain to preserve its financial system. If bullish trend continues, the pair is likely to test the 101.42 level (Initial resistance line) and the zone around 103.74/53 (55-day ma; R1 Monthly).

Traders' Sentiment
The difference between the amounts of long and short trades on EUR/JPY has narrowed. Nonetheless, the majority (58%) is still formed by long positions, accordingly, short positions comprise smaller part  - 42%. Within 100 points from the present market price, the overwhelming majority of traders (73%) expect the pair to move downwards.
© Dukascopy Bank SA
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Actual Topics

Wed, 13 Jun 2012 19:07:42 GMT

AUD/USD bullish momentum holds grounds

AUD/USD advanced further after the release of the weak US monthly core retail sales (-0.4% act./0.1% est.). Thus, if AUD/USD sticks to an upbeat impetus, 1.0085 (55-day ma) is going to be the next target after 0.9900 (psychological level) has been breached. Once the 55-day moving average is left behind, 1.0206 (R1 Monthly) is likely to be in focus among bearish traders.

Wed, 13 Jun 2012 09:37:46 GMT

USD/CHF is testing 0.9637

USD/CHF has faltered ahead of 0.9637, but should be able to renew its bullish advancement, as the weekly and monthly outlooks for the pair remain positive. Once 0.9637 is breached, the price will aim for 0.9720, then 0.9776. Supports, on the other hand, currently are at 0.9602, 0.9563/56 and 0.9512/0.9497, limiting possible dips, which may by triggered by closure of

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