GBP/JPY 1D Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since last year's November GBP/JPY has been in a distinct up-trend, covering the distance from 126 to 174. However, at the latter level it encountered a tough resistance that is not letting the currency pair to advance further. As a result, there is an ascending triangle on the chart and it is going to be broken in the nearest future, as the apex has nearly been reached.
At the moment the chances are skewed in favour of a bullish break-out, considering that most of the daily and monthly technical indicators are pointing north. However, should the up-trend support at 172.43 be breached, the Sterling will most likely fall down to the 200-day SMA at 166.69.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 05 May 2014 14:34:19 GMT

EUR/TRY 4H Chart: Channel Down

At the beginning of March the bears started to overpower the bulls and forced a decline in the price. And even though there recently has been a bullish correction, which was initiated by the support at 2.8824, the down-trend resistance prevented further appreciation of EUR/TRY and thus preserved the bearish outlook.Accordingly, once the currency pair closes beneath the monthly S1

Mon, 05 May 2014 07:41:44 GMT

EUR/CHF 1H Chart: Triangle

Since the beginning of April the trading range of EUR/CHF has been narrowing, which has led to appearance of the symmetrical triangle. But the currency pair has just breached the pattern to the downside, meaning that the bias towards the Euro is negative.In the short-term, however, there is a good chance of a rally.  The first target, namely Apr 28

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.