GBP/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Similar to the vast part of JPY-crosses, this currency pair is also gaining strong value due to several fundamental and technical factors. At the same time, the recent fast pace of GBP/JPY's rise slowed considerably and the pair has been trading sideways since November 3. At the moment it is nearing the lower boundary of the bullish channel at 180.96, which is unlikely to be crossed. The demand area is strengthened by weekly pivot point and 55-period SMA from above. Technical indicators give confident bullish signals in short and medium-term. Even though market sentiment is mixed with 47% of bullish positions, we expect the Pound to advance against the Japanese yen.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 13 Nov 2014 09:39:04 GMT

NZD/USD 1H Chart: Broadening Rising Wedge

NZD/USD reached the lowest level this year at 0.7662 on 7th of November. Since then the pair has recovered some of the losses by forming a broadening rising wedge pattern. At the beginning of the week the Kiwi reached the upper trend-line around the 0.79 level; although, since then the pair has slipped slightly. The technical studies are mixed at

Wed, 12 Nov 2014 15:22:07 GMT

HKD/JPY 1H Chart: Double Top

The HKD/JPY currency pair is trading in the boundaries of double top pattern since beginning of this month. After forming the second top, the Hong Kong dollar is losing value versus the Japanese yen. At the moment the pair is testing strength of the daily S1 support line at 14.81, which is reinforced by 55 and 100-hour SMAs from above.

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.