© Dukascopy Bank SA
Now the pair of two Asian currencies is headed towards the lower trend-line of the rising wedge pattern but the 50-hour SMA at 13.0911 is preventing HKD/JPY from confirming the pattern's limit one more time. Technical indicators suggest the pair is not likely to overcome this resistance in the next hour but there may be a rebound in the medium-term followed by a decline in one-day perspective.
© Dukascopy Bank SA