GBP/JPY 4H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/JPY has been heavily battered recently by the ‘Brexit' talks. However, from a technical standpoint, there is a good chance that the Sterling will soon start a recovery. The main reason is the fact that the currency pair has formed a falling wedge, a pattern that suggests a reversal. If the price manages to climb over 159 yen, there will be no significant obstacles until the very monthly S1 and 200-period SMA that form a cluster at 166.50/165.20. On the other hand, if the Pound continues losing ground and eventually slides under the current February low, there will be a high chance of GBP/JPY testing the June 2013 low at 147 yen.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 29 Feb 2016 07:26:36 GMT

EUR/CHF 4H Chart: Falling Wedge

Last week, EUR/CHF exited the boundaries of the rising wedge that has been forming in the daily chart for 14 months. Accordingly, our overall bias is negative. In the shorter-term perspective, however, there will be an opportunity for a strong rebound, considering that at the moment the pair is trading between two bearish converging trend-lines, meaning the current downward momentum

Fri, 26 Feb 2016 14:23:08 GMT

AUD/SGD 4H Chart: Channel Up

The Aussie has been demonstrating strong bullish momentum lately. However, despite AUD/SGD forming a high-quality channel, the risks are skewed to the downside. The technical indicators are either mixed or neutral, but the pair is expected to fail to rise past 1.0210/00, where resistance is implied by the three-year down-trend. Accordingly, while there is still some room for the Aussie

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.