USD/JPY is bounded by the 200-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We're seeing a bit of yen selling against its crosses. There is some concern that Japan may be falling into recession"
- Lee Wai Tuck, Forecast Pte (based on Bloomberg)

Pair's Outlook
USD/JPY pair's downside movement is bounded by the 200-day SMA. Despite the fact that the price has broken through this level a few times in the last days, the price still came back and closed around it. Therefore, the 200-day SMA level is really important and settlement below it would mean a sharp price drop. Further support levels remain at 79.10 and 78.84.

Traders' Sentiment
SWFX market players' sentiments do not change for USD/JPY pair and remains strongly bullish, as 72% have a buy position and 28% have a short position. Pending orders segment also support very bullish sentiments for a further price movement, as 83% are orders for buy and 17% for sell.

© Dukascopy Bank SA
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Mon, 12 Nov 2012 09:08:29 GMT

USD/CHF steps lower, from 0.9483 Dukascopy

As the last few weeks were strongly bullish and USD/CHF pair appreciated by almost 300 pips pushing the RSI value to the level of 69. Therefore, some correction would be very likely soon, at least bringing the price back to the 200-SMA level at 0.9454 to retest its strength. Further resistance level should be 0.9507/25, where the 100-day SMA and

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