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GBP/AUD 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBP/NZD 1H Chart: Channel Up Comment: While the weekly outlook on GBP/NZD is bullish, in the short run there is likely to be a 200-pip sell-off. Even though the hourly and four-hour technical indicators are mostly giving ‘buy’ signals at the moment, the currency pair has recently confirmed the upper boundary of the channel, meaning there should now be a downward correction, which may extend to the 2.2050/00 area, where the rising support line is reinforced by the weekly pivot point. The

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