Note: This section contains information in English only.HKD/JPY is in its very early stages of a channel down pattern, but already shows strong consistency with the trend-lines. What makes us favour the downtrend even more is the bearish crossover between 55 & 100 hour SMAs which might facilitate the motion as investors seek to act upon the well-known signal. While a set of levels might cause hitches at 14.65, 14.63 and 14.61, 14.59 will likely be the major demand force unlikely to give access to levels beneath easily. An ultimate floor for a larger scale motion could be 14.41 where the February 28 low rests.
Tue, 07 Mar 2017 09:26:57 GMT
Source: Dukascopy Bank SA