GBP/JPY 1H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A senior downtrend that GBP/JPY has been interacting with for at least a year already led it south once again, confirming the trend-line once again. The pair has just entered a falling wedge pattern to build up some bullish potential and possibly launch another attack on the senior line. We expect the upper boundary of the pattern to become sticky right before it breaks and 138.98 will then provide a target to hold on to. Following a retracement of the broken levels, 139.09, 139.14 and 139.28 could come into play, leading right into an area of many levels that could steal momentum up until 139.90.
© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 08 Mar 2017 13:03:02 GMT

USD/NOK 4H Chart: Channel Up

The US Dollar is surging against the Norwegian Krona simultaneously in two ascending channel's, as one of the channel is a representation of the currency exchange rates rebound against the dominant pattern's lower trend line. The currency pair is set to continue the surge for the next few weeks until it reaches the upper trend line of the dominant pattern.

Wed, 08 Mar 2017 07:39:16 GMT

NZD/CAD 1H Chart: Falling Wedge

After tapping at all-time highs of 0.9829 early November 2016, NZD/CAD gave in to bearish pressures and slipped 5%, just to once again prove that the unexplored area is not out of reach, and that the pair might visit the 0.98 mark once again. We will look for a bullish breakout from the pattern, possibly on this wave already, setting

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.