GBP/JPY 1H Chart: Double Bottom

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The trajectory of the British Pound's moves against Japanese currency is very similar to the greenback's trend. However, unlike the U.S. Dollar, the British Pound was capable of halting its decline after finding its bottom at 163.87 versus the Japanese Yen.
At the moment, the pair is locked between the 50-hour SMA at 165.38 and the neck-line of the 86-bar long double top pattern. However, GBP/JPY is likely to break these chains before long by penetrating the pattern's resistance and breaking out of the pattern. This view is reinforced by the SWFX data showing that almost 59% of all orders are placed to buy the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 06 Feb 2014 07:53:30 GMT

USD/RUB 1H Chart: Double Top

During more than a month ended on January 30, the U.S. Dollar was appreciating against the Russian Ruble; the advance was paused only when the pair managed to add dozens thousand of pips, in particular, the pair climbed from 32.5016 to a five-year high of 35.5678. This high became a peak of the double top pattern originated somewhere in the

Thu, 06 Feb 2014 07:53:49 GMT

GBP/USD 1H Chart: Double Bottom

Having climbed to a five-year high of 1.6669, the British Pound started to lose its value against the U.S. Dollar. Following a sharp sell-off, the pair bounced off the level near 1.6251, a two-month low, appreciated slightly and then again dived to this mark thus forming a double bottom pattern. Now the pair is attempting to reach the neck-line at

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.