GBP/JPY 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/JPY attempted to penetrate the lower boundary of the 218-bar long descending triangle on January 31 but both attempts were unsuccessful and now the pair is still trading in the range bounded by the triangle trend-lines.
Now the currency couple is sitting at the four-hour pivot point at 168.09 that lies slightly above the pattern's support at 167.98. Considering the traders' mood, the four-hour pivot point may act as a prop that may help the pair to appreciate in the hours to come; about 54.87% of market participants are bullish on the pair.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 03 Feb 2014 06:55:33 GMT

USD/JPY 1H Chart: Channel Down

Shortly after the U.S. Dollar started to recover from a two-month low of 101.77 against the Japanese Yen, the pair embarked on formation of the channel down pattern that prevented the greenback from further rebound versus the Japan's national currency. Now the pair is trading below its 50-hour SMA at 102.45, albeit slightly and is likely to try to surpass

Fri, 31 Jan 2014 13:10:24 GMT

EUR/AUD 4H Chart: Channel Up

The single currency has been performing very well against the Aussie since late October, as during this period the pair soared more than 1700 pips. The most likely scenario is a move towards pattern's support or a 200-period SMA first, as market sentiment is strongly bearish (70%), while aggregate technical indicators on a 4H chart are sending ‘sell' signals.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
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.