GBP/JPY trades near 150.50

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since the last attempt to break out of the channel down pattern, the GBP/JPY rate has been trading in limbo around the 150.50 mark. Initially, it might appear that the rate is trading sideways. However, an in-depth look reveals that the pair has been forming a minor triangle pattern. Namely, the range of trading is decreasing until either buyers or sellers would take over and cause a break out in the form of a sharp move either up or down.

If the pair breaks out to the upside, it could aim at the resistance zone, which surrounds the 151.50 level. Although, the 151.00 mark might slow down a potential surge, as it has shown during the week that it can shortly impact the GBP/JPY.

In the meantime, a potential decline of the pair might find some support in the 150.00 mark and the weekly S1 simple pivot point at 149.93. However, these levels failed to keep the rate up on December 1. It is more likely that the rate could look for support in the lower trend line of the channel down pattern, despite it having been pierced two times during this week.
Back to articles

Actual Topics

Fri, 03 Dec 2021 08:15:06 GMT

USD/CAD tests resistance zone

Since late Wednesday's trading session, the USD/CAD currency exchange rate has been testing the resistance of the 1.2830/1.2837 zone. Meanwhile, support was being provided by the 50-hour simple moving average and the zone that is located at the 1.2800 mark. In a scenario where the rate passes the resistance zone of 1.2830/1.2837, the pair could immediately find resistance in the

Fri, 03 Dec 2021 07:51:18 GMT

AUD/USD hits new low level

The AUD/USD currency pair passed the support zone at 0.7092/0.7094. Namely, the support zone held for seventeen hours before it was passed. The event resulted in a decline, which by the start of Friday's European trading had almost reached the weekly S1 simple pivot point at 0.7056. In addition, the 0.7050 mark might serve as support. In the meantime, note that

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.