GBP/JPY 4H Chart: Rectangle From Above

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Pound has formed a rectangle from above pattern against the Japanese Yen post-Brexit. At the moment, the currency exchange rate is at 139.82, which is near the pattern's upper trend line at 141.84, against which it has been struggling for some time. In addition, the pair is now struggling with resistance provided by the weekly PP at 140.00. In accordance with the pattern, the exchange rate is set to move to the pattern's support line at 128.75. However, on its way down, the GBP/JPY pair would face three weekly resistances respectively at 137.58, 135.94 and 133.53 and the 55 and 100-period SMAs at 139.72 and 136.73. In the meantime, daily aggregate technical indicators forecast no change for the pair today.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 26 Jul 2016 06:00:32 GMT

CAD/CHF 1H Chart: Falling Wedge

The general outlook on the pair is bearish, as CAD/CHF has just left the ascending channel. At the same time, most of the hourly and four-hour indicators are giving ‘sell' signals. Considering that the rate is forming a falling wedge, however, there is a good chance there is going to be a bullish retracement before the sell-off continues. If resistance

Mon, 25 Jul 2016 11:25:03 GMT

EUR/SGD 4H Chart: Broadening Descending Wedge

The common European currency is in a broadening descending wedge pattern against the Singapore Dollar. Both pattern's trend lines have been confirmed twice up to now. At the moment, the currency exchange rate is located at 1.4950, which is just below the pattern's resistance line at 1.4970, and the pattern's upper trend line is supported by the weekly R1 at

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.