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Daily Forex Chart Art – Nov. 24, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP/JPY: 4-hour If you’d rather go with the flow and follow trends, then this rising channel setup on GBP/JPY’s 4-hour forex chart might be better for you. The pair has been gradually trending higher and is currently testing the channel support at the 186.00 major psychological level. This lines up with the longer-term 200 SMA, which has held as a dynamic support area in the past. At the same time, stochastic is already in the oversold region, showing that the recent selloff is overdone and

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