GBP/AUD 4H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Due to a solid demand zone at 1.8346 (Jan 20 low) GBP/AUD is now exhibiting a distinct bullish momentum, and in the foreseeable future the Sterling is poised for even more gains. At the moment the currency pair is testing the lower up-trend, and if the support holds the present downward pressure, the rate will be in a good position to head towards 1.9820, where the upper trend-line merges with the monthly R1 and weekly R2. However, before that the price will have to overcome the resistance at 1.9687, created by the weekly R1 and Feb 3 high. Still, the technicals indicate an overall positive outlook: a majority of the daily and weekly studies points north.
© Dukascopy Bank SA
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Wed, 04 Feb 2015 15:02:09 GMT

EUR/TRY 1H Chart: Channel Up

Initially, the 55-hour SMA was succeeding in holding the single currency's bulls from pushing the pair further to the north.  On the other hand, bullish impetus was provided by the daily pivot point and 100-hour SMA around 2.7515. As a result, the pair started gaining value on a strong pace. At the moment the daily R1 is already breached and

Wed, 04 Feb 2015 07:02:51 GMT

GBP/JPY 4H Chart: Channel Down

Although at the moment the Pound is recovering, the rally is highly unlikely to extend beyond 179.44. The upside potential is limited by the four-week down-trend line coupled with the weekly R1 and Jan 27 high. Additional significant supplies areas are situated around 180.28 (monthly PP and Jan 20 high) and around 180.95 (weekly R2, Jan 8 high and 200-period

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