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GBP/JPY 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUD/NZD 1H Chart: Channel Up Comment: At a first glance AUD/NZD might offer a good opportunity to go long, but in fact this is not the case. Although the eight-month up-trend has been broken to the upside, further development of the rally is highly unlikely. The reason is the five-year down-trend resistance line that stands just above the January high, namely at 1.10. Accordingly, while the one-two day perspective is bullish, longer-term perspective is bearish. At the same time, the Aussie is

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