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GBP/JPY 1H Chart: Ascending Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EUR/NOK 1H Chart: Falling Wedge Comment: After EUR/NOK formed a rising wedge at the end of the previous week, the currency pair is now approaching the apex of the falling wedge. Accordingly, while the near-term bias is negative, which is also confirmed by the hourly and four-hour technical indicators, we should be wary of a potential reversal. The outlook will be changed to bullish once the price crosses the declining trend-line at 9.4740. The initial target in this case will be the supply

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