AUD/JPY 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 12, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBP/NZD 1H Chart: Channel Down Comment: Over the last three weeks GBP/NZD has formed a bearish channel. However, the prospects for the time being are uncertain, as the currency pair is approaching important support. July low at 2.27 may well turn out to be a floor for the Pound and trigger a long-term recovery. This will be confirmed by a breach of the upper boundary of the pattern at 2.3040, which will pave the way for a rally towards the 200-hour SMA at 2.3360. On the other hand, if 2.27 is

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