AUD/JPY 4H Chart: Rectangle

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
It seems that the bearish scenario for the AUD/JPY currency pair is highly unlikely at the moment. First, the pair has been generally outperforming in the past three months, while trading temporarily sideways since mid-May. Moreover, right now a substantial support is provided by the bunch of simple moving averages (55, 100 and 200-period), which are located unusually close to each other this week. In addition, weekly technical indicators are sending signals to acquire the Aussie and the majority of SWFX trades (73%) are positive on the perspectives of this currency pair. Therefore, outlook will remain positive, unless AUD/JPY plunges as low as 95.31 (monthly PP).
© Dukascopy Bank SA
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Tue, 23 Jun 2015 06:33:17 GMT

GBP/JPY 4H Chart: Channel Up

The British Pound is likely to continue appreciating relative to the Japanese Yen. Right now GBP/JPY is trading between two well-defined parallel trend-lines, and there are no major resistances ahead. The nearest such historically important level is as far as 215.86, where the currency pair made a U-turn back in July of 2008. Nevertheless, we expect a correctional sell-off to

Mon, 22 Jun 2015 13:58:05 GMT

GBP/AUD 1H Chart: Channel Up

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