AUD/JPY 4H Chart: Rectangle

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
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 each other this week. In addition, weekly technical indicators are sending signals to acquire the Aussie and the majority of SWFX trades (73%) are positive on the perspectives of this currency pair. Therefore, outlook will remain positive, unless AUD/JPY plunges as low as 95.31 (monthly PP).
© Dukascopy Bank SA
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Tue, 23 Jun 2015 06:33:17 GMT

GBP/JPY 4H Chart: Channel Up

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

Mon, 22 Jun 2015 13:58:05 GMT

GBP/AUD 1H Chart: Channel Up

A decline of the British Pound against the Australian Dollar is likely to strengthen, as soon the GBP/AUD pair violates one of the nearest supports represented by the weekly pivot point at 2.0325. If this is the case, the cross will be expected to reach the pattern's lower trend-line in the short-term, which in turn is placed at 2.0264. At

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