GBP/USD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/USD has been in a strong down-trend for quite a while now, namely since the last quarter of the previous year. However, despite the currency pair forming a bearish channel, the prospects are ambivalent, considering that the technical indicators do not support further depreciation of the Sterling and the price is approaching a significant support level at 1.4566, represented by the 2015 low. Still, as long as the falling resistance line (currently at 1.47) remains intact, the bias is negative, and a close beneath 1.4566 will confirm the bearish outlook. At the same time, above 1.47 the Cable should target the 200-hour moving average, which is presently found at 1.4767.
© Dukascopy Bank SA
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Thu, 07 Jan 2016 07:14:45 GMT

CHF/JPY 1H Chart: Channel Down

During the last two weeks the price of the Swiss Franc managed to fall by five yen, and there is still potential for the currency to lose some 3-3.5 yen more in the not-too-distant future. There are no important support levels nearby (350 pips between the spot and 2015 low), and the longer-term technical indicators are mostly giving ‘sell' signals.

Wed, 06 Jan 2016 14:12:04 GMT

GBP/AUD 4H Chart: Channel Down

Since Monday the UK currency has been recovering against the Australian Dollar. For now the pair has also gone through more than four figures and violated several important resistances, such as the monthly pivot point and 100-period SMA. Hence, the bullish pressure tends to be quite confident. Near-term risks are created by the 200-period SMA and weekly R2 at 2.07

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