GBP/JPY 1H Chart: Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A recovery of GBP/JPY started after the slump to a two-month low of 163.87 that took place in early February; however, the pair entered a bullish channel only few days later as ‘golden cross' gave the pair additional impetus for a climb.
Now the pair is trading slightly below the lower trend-line of the pattern as the 50-hour SMA at 170.71 is preventing the currency couple from coming back to the tunnel. However, GBP/JPY is likely to prove that the breakout was false by re-entering the channel in the foreseeable future. Although technical indicators are strongly bearish in the short-term, they point to a possible advance in medium and long terms.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 19 Feb 2014 07:57:33 GMT

GBP/CAD 1H Chart: Triangle

The U.K. currency has been trading at elevated levels against the Canadian Dollar since mid-January. Recently, GBP/CAD has attained the highest level since at least 2009 of 1.8442 and now it is vacillating slightly below this peak at 1.8254 that is located at the lower boundary of the triangle pattern formed on February 14. However, the pair is likely to

Wed, 19 Feb 2014 07:56:50 GMT

USD/PLN 1H Chart: Channel Down

Having approached a five-month high of 3.1624 early February, the U.S. Dollar started to lose ground against the Polish Zloty. Several days later, the pair embarked on formation of the bearish corridor that now is 150-bar long and is likely to become even longer as the pair seems to be unwilling to breach any of the channel boundaries before long.

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.