USD/JPY stalled at 78.88/85

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Chairman Bernanke is not likely to give an indication that further easing is imminent. That added to negative earnings surprises in the U.S. may weigh on risk sentiment in the near term, boosting the USD more broadly"
- Barclays (based on MarketWatch)

Pair's Outlook
At the moment we observe a small rebound of USD/JPY from 78.88/85, which is unlikely to extend further, being that overall technical studies are neutral. The currency pair is thus expected to consolidate near the support for now, until a more pronounced signal appears. In case the price commences strong recovery, it will face a confluence of many resistances at 79.35/49, which is now viewed as impenetrable and will take time to be eroded.

Traders' Sentiment
The share of bullish traders has grown up to 71% since yesterday, signifying increasing conviction of market participants the greenback is going to appreciate relative to the Yen. At the same time bearish camp is not replenished with new members and currently forms 29% of the market. Distribution of orders is quite similar, 73% to 27% of buy and sell orders, respectively.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 17 Jul 2012 07:52:36 GMT

USD/CHF to test 0.9737

Support at 0.9805 was insufficient to reignite bullish behaviour of USD/CHF, which in turn is now slowly approaching a lower level at 0.9737. In case it proves to be as fragile as prior support, area at 0.9692/69 might come into play and give the pair upward impetus. Resistances, on the other hand, are at 0.9805, 0.9873 and 0.9906/40 and seem

Tue, 17 Jul 2012 07:52:09 GMT

GBP/USD to bounce off 1.5721/32

Even though the majority of indicators pointed to the downside, the Cable has pushed higher through 1.5569/1.5609 and is currently struggling at a subsequent resistance line at 1.5650. However, the latter level is unlikely to be strong enough to contain the pair, therefore we expect a tough zone at 1.5721/32 to become a reversal point and send GBP/USD back to

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.