GBP/JPY 4H Chart: Breakout occurs

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Sell Sell Neutral
 Stochastic(5;3;3) Neutral Sell Sell
 Alligator(13;8;5) Buy Buy Neutral
 SAR(0.02;0.2) Buy Buy Buy
 Aggregate

Upside risks dominated the British Pound versus the Japanese Yen during the past week. The currency pair appreciated about 2.89% during last week's trading session.

A breakout occurred through the upper boundary of a dominant descending channel at 147.00 at the end of Wednesday's trading session.

Given that a breakout had occurred, it is likely that the GBP/JPY exchange rate continues to gain strength.

However, it is expected that the currency exchange rate makes a brief retracement down towards a support level at 144.03 in the short-term.

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.