GBP/JPY reveals pattern

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


On Tuesday morning, it was spotted that since Friday the GBP/JPY currency exchange rate has been trading in a channel down pattern. In the meantime, support was being provided by the 151.00 mark. In addition, the 50-hour simple moving average had approached the upper trend line of the channel up pattern.

A potential recovery of the Pound against the Japanese Yen would have to pass the resistance of the channel down pattern and the 50-hour simple moving average. In the meantime, note that the 152.00/152.30 zone could act as resistance, as it captures the Friday and Monday high levels.

However, a decline of the currency exchange rate could find support in the 151.00 mark, before reaching the 150.50 mark and the weekly S1 simple pivot point at that level. However, take into account the support line of the channel down pattern.
Back to articles

Actual Topics

Tue, 08 Mar 2022 10:39:48 GMT

USD/CAD approaches 1.2850 level

On Monday, the USD/CAD passed above the resistance zone near the 1.2800 mark. Moreover, the 1.2800 level was confirmed as support during the midnight hours to Tuesday. On Tuesday morning, the pair reached above the weekly R1 simple pivot point at 1.2822. Next target for the USD against the Canadian Dollar was the 1.2850 mark. A move above the 1.2850 level

Tue, 08 Mar 2022 10:14:27 GMT

AUD/USD plummets below 0.7300

On Monday, the surge of the AUD/USD currency exchange rate bounced off a previously not market resistance zone at 0.7430/0.7440. By the middle of Tuesday's European trading hours, the currency pair had reached the support of the 200-hour simple moving average near 0.7275. If the rate recovers due to the support of the 200-hour simple moving average, the pair might encounter

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.