GBP/JPY 4H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Pair trading in the highest levels since the august of 2009. Despite this giving significant psychological pressure on the pair it is maintaining bullishness for the time being.  Short term technicals on aggregate  point at further appreciation of the pair suggesting that the pair still has the propensity to reach new high. Medium and long term technicals, mostly due to the readings of Stochastic and RSI indicators, suggest we should see some sort of bearish correction. It might bet that the mounting psychological pressure on the pair will ignite a sell off and we could see it trailing to 200-bar SMA.

© Dukascopy Bank SA
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Fri, 20 Sep 2013 13:17:50 GMT

GBP/CAD 1H Chart: Channel Up

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Fri, 20 Sep 2013 06:38:40 GMT

AUD/CAD 1H Chart: Rising Wedge

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