USD/JPY surges further

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy
"The dollar hit a three-month high against the yen on Monday, as the yen remained pressured by persistent speculation that the Bank of Japan may decide on more monetary stimulus at a policy meeting next week."
- Reuters

Pair's Outlook
Friday trading session showed some consolidation sighs and a pace of appreciation slowed down, but from the very beginning of a new week, USD/JPY continues to surge and have already reached 79.65 price level. Looking from a historical perspective, 79.56/74 zone has always maintained strong resistance levels, therefore there is very likely that USD/JPY will show a stronger correction impetus after reaching this level. Also, RSI has a value of 71, which tempts about an overbought zone.

Traders' Sentiment
Traders' sentiments keep the huge gap between buy and sell positions despite the price increase. 74% traders are still willing to see a further appreciation and have a long position and 26% have a short position. Placed orders segment is extremely segmented, as 87% orders are for a buy position and 13% for a short.

© Dukascopy
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Actual Topics

Mon, 22 Oct 2012 08:15:03 GMT

USD/CHF pulls down from 0.9288

Last week's USD/CHF pair appreciation was stopped by 0.9288/92 support level and currently price shows a depreciation impetus and retreats back, probably to test the previous bottom. As the price has not reached an important historical support level at 0.9200 and RSI value is still higher than 30, there is a very high probability to see a price decrease.

Mon, 22 Oct 2012 08:14:35 GMT

GBP/USD rebounds from 1.5995

As we can see from the daily graph, GBP/USD pair faces a huge pressure from above and any price increase is quickly pushed back. Currently the price found the resistance level at 1.5995, where a historical support zone lies. A further decrease is possible and GBP/USD might reach 1.5895/60 zone, where the monthly and the weekly support levels lie. On

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