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CHF/JPY 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/USD 1H Chart: Channel Down Comment: GBP/USD has been in a strong down-trend for quite a while now, namely since the last quarter of the previous year. However, despite the currency pair forming a bearish channel, the prospects are ambivalent, considering that the technical indicators do not support further depreciation of the Sterling and the price is approaching a significant support level at 1.4566, represented by the 2015 low. Still, as long as the falling resistance line (currently at

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