USD/JPY 4H Chart: Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
One of the most traded currency couples is trading in a 570 pips range since July, however, currently the range is narrowing and is just 160 pips, raising concerns the triangle pattern is moving to its apex. While short-term technicals are sending "buy" signals, bulls will face strong resistance at 98.159, represented by a 200-bar SMA and daily resistance. In case this level is breached, the pair can easily advance towards pattern's resistance at 98.478. However, in case of a pullback, short traders may focus on weekly and daily pivots at 97.687 and 97.624 respectively. These levels may become a turning point for the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 30 Oct 2013 07:56:18 GMT

GBP/USD 4H Chart: Double Top

The British Pound appreciated sharply against the U.S. Dollar after it touched more than a two-year low in July; however, the formation of the double top pattern started only in the end of August when the currency couple sped up the pace of its advance. Recently GBP/USD has peaked twice at ten-month high of 1.6264 and now the pair commenced

Tue, 29 Oct 2013 15:01:05 GMT

GBP/JPY 4H Chart: Channel Up

After hitting 154.06 on July 24, GBP/JPY has formed a channel up pattern, which is on the brink of a breakout. The pair is currently changing hands at 157.38, just 36 pips above the support line. However, from the upside the pair is bounded by a 200-bar SMA at 157.75. Hence a move of just 30-40 pips in any direction

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.