EUR/JPY starts bearish correction

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"This is another salvo in what you might call the global currency war. Abe has taken a radical approach and people are learning from that lesson." 
- Westpac Banking (based ON The Wall Street Journal)

Pair's Outlook
After a major gain pair lacked momentum to  reach 115 JPY and crumbled after reaching 114.68. As a result it dipped 80 pips already and at the moment is hovering around weekly R2 at 113.79. It seems that for the time being this dip will continue; pair might be range bound for some time as well (as we saw a week ago), but longer term outlook remains positive.

Traders' Sentiment
Going to the end of the trading week bears once again hold overwhelming majority of positions in the market—73% to be exact (+15% since yesterday). However, pending orders distribution remained the same and are still in favor for the bulls—66% of all pending orders are to go long.

© Dukascopy Bank SA
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Actual Topics

Fri, 28 Dec 2012 16:35:48 GMT

AUD/USD bound by 100-day SMA

For a consecutive trading session pair varies in certain range, but different to all the other time it significantly increased upside and decreased downside signaling about propensity to step up a bit higher.

Fri, 28 Dec 2012 08:58:37 GMT

USD/CHF's bias is negative

The price is presently forming a falling wedge, meaning there is an increased chance of the pair surging, since it is a reversal pattern.

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