Daily Forex Chart Art - Oct. 7, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    GBP/JPY: Daily Is it time for pound bulls to get back in the game? Guppy is currently testing the bottom of its long-term rising channel on the daily forex time frame, with stochastic suggesting that a bounce is in order. The 100 SMA is also above the longer-term 200 SMA, confirming that the path of least resistance is to the upside and that the climb might resume soon. If so, price could head back to the top of the channel past the 200.00 handle or at least until the middle of the channel

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