AUD/NZD 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBP/JPY 4H Chart: Falling Wedge Comment: GBP/JPY finds itself in an equivocal situation. On the one hand, the currency pair is currently forming a falling wedge, a pattern that implies a rally. On the other hand, even if the price manages to jump over the resistance trend-line at 160 yen, long positions would still be highly risky. The reason is a large amount of obstacles that would lay in the recovery’s path. The first to be encountered is the 200-period SMA at 160.93, followed by the

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