GBP/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The British Pound is likely to continue appreciating relative to the Japanese Yen. Right now GBP/JPY is trading between two well-defined parallel trend-lines, and there are no major resistances ahead. The nearest such historically important level is as far as 215.86, where the currency pair made a U-turn back in July of 2008. Nevertheless, we expect a correctional sell-off to start in the vicinity of 200 yen. We also should not rule out a small dip in the short run, down to 193.43, before the pair starts forming an up-leg. As for the sentiment of the SWFX market, the traders are mostly bearish towards the Sterling. At the moment 70% of open positions are short.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 23 Jun 2015 07:09:03 GMT

EUR/CHF 1H Chart: Channel Down

While on the higher time-frames the Euro is bullish, after bottoming out in April, on the hourly chart there is a strong case in favour of a near-term decline. During the next several days every new high is likely to be lower than the previous maximum. Right now the ceiling at is 1.0519, where the daily R2 merges with the

Mon, 22 Jun 2015 14:20:04 GMT

AUD/JPY 4H Chart: Rectangle

It seems that the bearish scenario for the AUD/JPY currency pair is highly unlikely at the moment. First, the pair has been generally outperforming in the past three months, while trading temporarily sideways since mid-May. Moreover, right now a substantial support is provided by the bunch of simple moving averages (55, 100 and 200-period), which are located unusually close to

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX 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.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
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.