GBP/JPY 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The general trend of the GBP/JPY currency pair is likely to remain bearish in the long-term; however, there are some signs the British Pound will attempt to breach the upper trend-line of the pattern. At first, the pair has just recently  successfully approached the pattern's resistance, while only making a short stop at the daily pivot point around 182.20. Moreover, hourly technical studies indicate the Sterling should outperform its Japanese counterpart. In addition, 52% of SWFX traders are currently long on this currency pair. Therefore, we may see a couple of attempts to cross the boundary; however, the weekly PP at 182.72 seems to be strong enough to hold  back bullish pressure.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 09 Mar 2015 14:31:05 GMT

EUR/SGD 4H Chart: Channel Down

Despite also trading inside the bearish channel since February 20, the EUR/SGD currency pair has a slightly different situation in its development stage. The single European currency has just bounced off the lower trend-line of the pattern and is now trying to build up bullish momentum in order to gain value in the foreseeable future. On the other hand, both

Mon, 09 Mar 2015 08:35:14 GMT

GBP/AUD 1D Chart: Channel Up

While in the long run the British Pound appears to be in a better position than the Australian Dollar, in the coming weeks the Aussie is likely to outperform the Sterling. GBP/AUD has recently come into contact with the resistance trend-line at 1.9850, and the price is now expected to undergo a bearish correction, which implies a sell-off down to

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.