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EUR/JPY 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 21, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/CAD 4H Chart: Channel Down Comment: GBP/CAD is set for a decline both in the short and long terms. The currency pair has recently broken though a major trend-line that has been guiding the price higher since the beginning of 2013. This line now implies a major supply zone between 1.94 and 1.93, where we also have the monthly pivot point and the 200-period SMA. However, the rate is unlikely to recover this high in the nearest future, being that the upper edge of the recently formed channel

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