USD/JPY 1H Chart: Double Top

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Earlier we have examined a channel down pattern formed by USD/JPY but today we will focus on another pattern, double top, shaped by the same currency couple. The pattern originated at a nine-week low of 100.75 and took the pair to a one-week high of 102.69, the level which acts as a peak of the pattern.
At the moment, the U.S. Dollar is losing ground against its Asian peer and is likely to extend the downswing in the hours to come given that the pair commenced a retreat from the second peak that usually pushes the instrument towards the neck-line. However, market players do not expect a breakout in to happen, being bullish in 75.10% of cases.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 12 Feb 2014 07:41:00 GMT

AUD/USD 1H Chart: Channel Up

Having reached a two-month high of 0.9069 in mid-January, the Australian Dollar plunged sharply versus its U.S. counterpart. Two weeks later, when the currency couple dived to a five-year low of 0.8661, it managed to halt its losing streak and change direction to the north. Whilst advancing, the pair formed a channel up pattern that now is 155-bar long. Currently the

Tue, 11 Feb 2014 12:00:00 GMT

EUR/JPY 1H Chart: Channel Up

The single European currency may be broadly bearish, but it nonetheless continues to outperform the Japanese Yen, as evidenced by the channel up pattern on the hourly chart of EUR/JPY. The rally started from the level of 136.21 on Feb 4, which is the 61.8% Fibonacci retracement of the November-December up-move. Judging by the near-term technical indicators, this upward tendency

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.