USD/JPY surges and reaches a new high

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The yen is being sold against the dollar on speculation the elections will lead to a change in administrations and Abe will ask the BOJ for more easing"
- Barclays Plc (based on Bloomberg)

Pair's Outlook
USD/JPY pair sharply increases for the second day. After the pair bounced from the 200-day SMA at 79.40, the price is surging and today made a new high at 80.95. However, currently USD/JPY is traded around the 80.80 level, where the upper Bollinger line goes. The price appreciation is possible, as indicators have not entered an oversold zone yet, but if increase loses its momentum, the divergence might appear with a risk for decrease.

Traders' Sentiment
Recent increase in USD/JPY pair, decreased the bullish sentiment very slightly, as the buy side has 70% part and the sell side only 30%. Placed orders distribution reached a new bullish record, as 86% orders were for a buy position and 14% for a sell.
© Dukascopy Bank SA
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Actual Topics

Thu, 15 Nov 2012 09:45:12 GMT

USD/CHF is traded around the 200-day SMA at 0.9459

During yesterday's trading session it seemed that the price will brake through the 200-day SMA very easily, however, the price retreated and currently retests the moving average from beneath. If the price settles below, we will experience an extension of a downside correction, with possible support levels at 0.9352, where the weekly PP and the 55-day SMA lie, and 0.9322

Thu, 15 Nov 2012 09:44:58 GMT

GBP/USD breached the 200-day SMA

Yesterday GBP/USD pair finally breached the 200-day SMA at the 1.5859 level and stopped at 1.5838, where the weekly S1 goes. Currently, the price steps slightly higher than yesterday closing price, thus the moving average will be tested from the bottom, in order to continue the downtrend. However, a short position may contain a lot of risk, as the RSI

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