EUR/JPY slips lower; bulls aim at 97.93

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Over the weekend, we have seen a number of comments which can be taken to imply that Europe continues to be pulled in different directions. "
- Jeremy Stretch, CIBC World Markets (based on MarketWatch)

Pair's Outlook

EUR/JPY started a week slightly lower after a strong rally last Friday. If bullish trend holds further, then 97.93 (61.80% Fibo) is likely to be the first target to be tested by bullish investors. If this level is successfully pierced, a path towards 98.43 (Upper Bollinger band) and 100.53 (100-day SMA) will be cleared.

Traders' Sentiment
Traders' sentiment maintains bullish bias today on EUR/JPY with as the largest number of positions (66%) are being held by bullish traders. Within 100-pips range, the majority of currency traders expect the pair to continue further advancement (74%).
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 06 Aug 2012 15:55:50 GMT

AUD/USD maintains bullish dynamics; 1.0629 in crosshairs

Bulls continue adding to gains on AUD/USD and right now the currency pair is floating around recent high at 1.0574 (23.60% Fibo. A breakout here would expose the second and third resistance levels at 1.0629 (Upper Bollinger band) and 1.0668 (R2 Weekly), respectively.

Mon, 06 Aug 2012 16:06:09 GMT

GBP/JPY rebounds from 123.03

GBP/JPY currency pair has already been following the falling wedge pattern for some time. The bullish movement was stopped, when the price touched resistance line of the wedge at 123.03, and now a strong bearish correction takes place. The price is heading towards weekly S1 at 121.57, which might slow down the current declineIn case 121.57 fails to stop the movement downwards, then next support

Mon, 06 Aug 2012 15:54:08 GMT

AUD/JPY to confront 82.57

Although RSI indicator shows neutral signal, AUD/JPY experienced a huge rally on the 3rd of August, however a trend reversal happened, and now the price follows a downward trend, and is about to reach weekly PP at 82.57, which might prove to be support for the current decline. If it is broken, then the bearish tendency is likely to advance even further until 200-day SMA

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.