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CHF/JPY 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 23, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/TRY 1H Chart: Channel Down Comment: The overall outlook on USD/TRY is strongly bearish. The currency pair confirmed the downside breakout of the 16-month up-trend in the daily chart after an upward retracement from 2.89. Accordingly, we are likely to see USD/TRY preserve the bearish momentum until the price reaches the February low. However, there are notable supports in the way, such as the weekly S1 at 2.9264 and the Feb 10 low at 2.9180. The upside potential should be limited by the

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