The pair is trading sideways

Note: This section contains information in English only.
Source: Dukascopy
© Dukascopy
“External factors affected production negatively, the yen's strength was also a negative factor”- Japan Research Institute (based on WSJ)Industry outlookAs the industry outlook suggests the currency pair is capped from above by resistances situated at 77.23, 77.45 and 77.83. Supports, on the other hand, may be found at 76.29/25, 75.94 and 75.00.Traders’ sentimentTraders’ sentiment in USD/JPY market is fixed, as no significant alterations were observed during Thursday. The overwhelming majority of traders, being 74.11%, stay long, while 25.89% keep short positions.Long position openedThe price might rebound from the first resistance level at 77.02, so major dealers are planning to close some of their long positions near this level. Subsequent goals for bulls are 77.32 and 77.93.Short position openedIn case of dips, another rally may start after rebounding from the initial support level at 76.41. However, assuming that the bearish momentum does not weaken, investors will pay attention to lower support levels at 76.10 and 75.49.
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Fri, 07 Oct 2011 08:44:35 GMT

The outlook is positive

“There are still plenty of problems that face the European financial system. The risk rally will probably run out of steam in the next week”- RBS (based on Reuters)Industry outlookThe currency couple is presently headed towards 1.3680/90,although it is expected to struggle near a resistance line at1.3447. The long-term target remains at 1.2860, currently coveredby supports at 1.3250 and 1.3145.Traders’

Fri, 30 Sep 2011 12:38:19 GMT

The cable to tumble

“Weak economic data would support the U.S. dollaron a safe-haven bid“- Commonwealth Bank (based on Bloomberg)Industry outlookThe possibility of the currency couple climbing up to the area of 1.5783/1.5973 is constantly decreasing. As soon as a support at 1.5500 is breached, losses may continue till the price slides down to 1.4973.Traders’ sentimentGBP/USD traders’ sentiment seems to be rather stable, without

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