SGD/JPY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
SGD/JPY added 13% in just a month, led by an ascending channel pattern which is still intact. The pair is now making its way through the channel pattern with a target at the bottom trend-line of 81.31. The pair now faces the weekly R2 at 81.71 which it will most likely dash through to test 81.50 before the bottom trend-line is reached. Gains will be cut by the upper trend-line monthly R1 cluster at 82.36 with some more risk at 82.50. A dip below the bottom trend-line would, however, be stalled by a cloud at 80.60.
© Dukascopy Bank SA

Actual Topics

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.