GBP/JPY 4H Chart: Broadening Raising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Since the currency pair found a strong support level around the 170.50 level on 15th of August it has formed a Broadening Raising Wedge pattern. Although, at the moment the pair is hovering near the lower boundary of the pattern and despite the 4H technicals being to the downside a bearish break-out seems unlikely. Moreover, the pair is supported by the weekly and monthly PPs and 200-period SMA at 172.49/38. With that in mind, we expect the Pound to outperform the Japanese currency in the foreseeable future. The daily and monthly technical indicators are more to the upside, while the traders sentiment is just slightly bullish, with 52.57% of the traders being long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 04 Sep 2014 12:11:05 GMT

GBP/USD 4H Chart: Channel Down

The Cable has been in a long decline since the second week on July, mostly showing the strength of the U.S. currency, rather than weakness of the Pound. After coming near the lower boundary of the channel, the pair started trading sideways for last couple of candles; however, it is moving in the direction of the upper trend-line at the

Thu, 04 Sep 2014 08:02:17 GMT

AUD/NZD 1H Chart: Channel Up

After being on a sideways trend since the end of July to the middle of August the pair received a bullish impetus around 1.0948 on 13th of August. This is evidenced by AUD/NZD forming a bullish channel. Also the weekly and monthly technical studies are strongly bullish, strengthening the case of further appreciation. In the near-term; however, a slide towards

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.