EUR/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A stab to a two-month low of 128.01 was a starting point for the channel up pattern shaped by EUR/JPY. Currently the pair is regaining strength after a retreat from almost a four-month high of 133.35 hit on September 11. Market players believe the currency pair has a bullish potential, with 53.68% of all orders being placed to buy EUR/JPY. A confirmation of the traders' outlook would be a jump above a recent high of 133.35 that now acts as a strong resistance lying slightly below another hindrance at 133.48 (daily R1). If the pair overcomes this region, the level of 133.84 (pattern's resistance) will be regarded as the last defense against a bullish breakout that may galvanize a sharp rally of the pair.
© Dukascopy Bank SA
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Thu, 19 Sep 2013 06:57:23 GMT

AUD/CHF 4H Chart: Ascending Triangle

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Wed, 18 Sep 2013 14:40:53 GMT

USD/JPY 4H Chart: Channel Up

Pair has been appreciating since the beginning of August. Prior to that pair depreciated by 580 pips in the course of a month. It has recovered most of it by now. From the recent development we can see that 200-bar SMA seems to providing support for the pair and pair should touch it once again when approaching pattern's support.  Probability

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