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GBP/JPY 1H Chart: Falling Wedge

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    XAU/USD 1H Chart: Channel Down Comment: Considering there is a bearish channel emerging in the hourly chart and the rate is right at the upper boundary of the pattern, gold is well-positioned for a sell-off. This decline could potentially extend down to 1,075 before there is a significant bullish correction within the channel. Nevertheless, while the four-hour indicators are in favour of such a scenario, there are plenty of counter-arguments. First, there is a solid demand area around 1,090,

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