GBP/JPY 1H Chart: Channel Up

Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/JPY has bottomed out at 192 on Friday of the previous week. The pair has subsequently managed to commence a strong recovery, while many facts suggest the Sterling will continue appreciating in the foreseeable future. At the moment the pair is trading somewhat around the 55-hour SMA and weekly R1 at 194.50. Ability to penetrate both of them will reveal substantial strength among bulls, who are capable of pushing this currency pair to the upside. Moreover, technical indicators are bullish, and there is only one signal to sell the Pound among all of them. In addition, market participants see the pair higher in the majority of all cases, as 59% of all open positions are long.

© Dukascopy Bank SA
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Thu, 13 Aug 2015 13:50:04 GMT

USD/TRY 4H Chart: Channel Up

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Thu, 13 Aug 2015 07:08:04 GMT

EUR/JPY 1H Chart: Channel Up

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