EUR/JPY 1D Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
JPY as foreign currency denominating pairs have been appreciating for quite some time. As a consequence, appearance of the channel up pattern was rather anticipated. Technical indicators suggest a calm, even a sideways development of the pair in the short and medium term. Current market sentiment (72% of open positions long) and long term technicals, however, point at the pairs further appreciation. All in all, we should see the pair appreciating, but not moving straight to the pattern's resistance, rather moving along the pattern's support.

© Dukascopy Bank SA
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Mon, 01 Jul 2013 13:57:54 GMT

EUR/CHF 1H Chart: Channel Up

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Mon, 01 Jul 2013 08:15:19 GMT

EUR/PLN 1H Chart: Triangle

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