GBP/JPY 4H Chart: Selling signals

The British Pound has declined by 1.91% against the Japanese Yen since October 21. The GBP/JPY currency pair tested the 135.00 level during yesterday's trading session.

All things being equal, the exchange rate will most likely continue to edge lower during the following trading sessions. A breakout through the lower boundary of a descending channel pattern could occur.

However, given that the currency exchange rate has bounced off from the support line at 135.00, bullish traders might attempt to target the 137.00 level during the following trading sessions.


AUD/JPY 4H Chart: Bears likely to prevail

The Australian Dollar has declined by 1.99% against the Japanese Yen since this week trading sessions. The 50– period simple moving average provided resistance for the currency pair this week.

As for the near future, the AUD/JPY currency exchange rate is likely to continue to edge lower. Bearish traders could target the 71.00 level during the following trading sessions.

However, a support cluster at the 73.54 area could provide a barrier for bears within this week trading sessions.


This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis

Latest Forex Analysis

Editors’ Picks

AUD/USD sits at two-month highs near 0.7375

AUD/USD keeps its range near two-month highs of 0.7375 despite a big miss on the Australian Q3 Capex data. The bulls retain control as the US dollar remains on the back foot across the board, in the face of renewed US economic growth concerns. 


USD/JPY revisits Wednesday's low as weak US data keeps dollar under pressure

USD/JPY drops over 20 pips in Asia to test Wednesday's low. USD/JPY is feeling the pull of gravity with the dollar drawing offers, possibly on disappointing US data released Wednesday. Disappointing US jobs data and dovish Fed minutes weigh over the dollar.


Gold hovers within the range of Wednesday's Doji candle

Gold's daily chart shows signs of indecision in the market. Wed's high and low are levels to beat for bulls and bears, respectively. A Doji candle represents indecision in the market and makes the following day's close pivotal.

Gold news

Markets return to normal, and traders may be loving it

Calendar comeback – currencies begin moving to the tune of economic indicators, a welcome return for traders. Valeria Bednarik, Joseph Trevisani, and Yohay Elam discuss the latest market moves and what to expect in the final stretch of 2020 and beyond.

Read more

Black Friday 2020 Discounts!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info

Forex Majors