USD/JPY settles beneath the 80.00 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"My bias is for yen to go weaker. The Japanese economy isn't doing well. It's troubled and the domestic market is flat, so it's hard to find reasons to buy the yen"
- Hans Kunnen, St. George Bank Ltd (based on Bloomberg)

Pair's Outlook
Yesterday's trading session in USD/JPY pair started at 80.00, there was a few swings below the level with tops very close to a 80.00 level benchmark. However, the final movement was a rapid decrease till the 79.36 level, where the 200-day SMA goes. This area provided a sufficient support power to stop a depreciation, therefore the price is currently increasing. If the price stays in the lower Bollinger line part after correction, it is very likely to see the further price decrease till the 78.85/70 area, where the 55-day and 100-day SMAs converge with the weekly S2.

Traders' Sentiment
Bullish traders in SWFX market strengthen their positions even further, as the buy side currently consist ofs 71% and the sell side of 29%. Distribution of pending orders is extremely significant, since 82% are orders for buy and 18% for sell.

© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 09 Nov 2012 09:42:24 GMT

USD/CHF approaches the 200-day SMA at 0.9448

Yesterday USD/JPY pair stepped even higher topping a new peak, but closed slightly lower at 0.9464, where historical support/resistance levels converge. Today the price shows negative performance, but the trouble for a further decrease stays the 200-day SMA at 0.9450. If the price passes this level, a depreciation will increase its momentum. In this case, possible support levels will be

Fri, 09 Nov 2012 09:20:24 GMT

GBP/USD increases after a Doji candlestick pattern Dukascopy

Yesterday GBP/USD pair formed a Long Legged Doji candle, which has no body just long shadows on both side. This type of candlestick pattern tempts about a balance of strong opposite forces and a possible trend's reversal. Today we can see the price appreciation, which is likely to turn in a more sustainable uptrend. Resistance level might be considered as

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.