The Euro is trading flat against the Japanese yen; 95.81 in focus

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"By steadily proceeding with asset purchases ... the BOJ will continue with powerful monetary easing. "
- Yoshihisa Morimoto, BoJ board member (based on Reuters)

Pair's Outlook

The pair remains resilient after Mario Draghi's press conference as the EUR/JPY currency pairs is currently trading in a price range of 95.80/96.20. If the pair moves higher, 96.35 (200-day SMA) is likely to be an initial resistance line for bullish investors, a breakout of which would expose 98.23 (55-day SMA) and 99.39 (PP Monthly), respectively.

Traders' Sentiment
According to the SWFX Sentiment Index, at the moment bulls are favoring the Euro-Japanese Yen currency pair as the largest number of positions (71%) is long. Regarding order disposition, 63% of investors expect the currency couple to continue moving in the bullish trend.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 02 Aug 2012 15:39:27 GMT

AUD/USD is moving to 1.0406, attempts to reiterate a bullish trend

The currency pair laid back a bit, approaching the first initial support level at 1.0406 (38.20% Fibo), though bulls try to establish an upward trend. If this is the case, investors might encounter the second and third resistance levels at 1.0581 (R1 Monthly) and 1.0704 (R3 Monthly) as bullish momentum strengthens.

Thu, 02 Aug 2012 18:12:55 GMT

GBP/JPY slowly approaching 20-day SMA

Bearish tendency, which lasted for the lastthree days was stopped today, and now a bullish reaction takes place. If the movement upwards proceeds, then GBP/JPY might reach a 20-day SMA at 122.700, which might prove to be a strong resistance for the current rally. If it fails to reverse trend back to bearish, then next resistance at 122.900 (Monthly PP) might give some bearish impetus.

Thu, 02 Aug 2012 18:01:55 GMT

EUR/CAD gains bullish momentum

Despite being traded within a bearish channel, EUR/CAD currency pair experienced another rally today. Besides, yesterday's dip failed to extend to a new low, as a result, EUR/CAD is presently slowly approaching a 20-day SMA at 1.2367, where it might find formidable resistance. In case movement upwards proves to be strong enough to break the latter level, then next resistance at 1.2443 (Weekly R2) might

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.