EUR/JPY 1H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/JPY started autumn on the high note, jumping from almost a two-week low of 129.31 hit on August 30 to more than a four-month high of 133.37 touched on September 11. However, now the pair seems to lose its spree, as it approached the lower-boundary of the pattern and is not willing to bounce off this region. At the same time, market players remain optimistic about the future moves of the pair, being bullish in 56.92% of cases. Meanwhile, technical indicators are sending mixed signals, suggesting a jump in the short-run, a retreat in the medium-term and an appreciation in the long-term.
© Dukascopy Bank SA
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Tue, 17 Sep 2013 07:15:15 GMT

USD/CAD 1H Chart: Channel Down

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Tue, 17 Sep 2013 07:14:57 GMT

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