GBP/JPY 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/TRY 4H Chart: Channel Down Comment: Despite a massive sell-off amid Draghi’s press conference yesterday, EUR/TRY managed to stay within the boundaries of the channel. At the moment the currency pair is trading right at the lower trend-line, meaning we should see a rally in the near term. The bullish correction is likely to result in a test of the monthly S1 at 3.2739, but the recovery may extend up to the falling trend-line without threatening the overall negative outlook. Even if the

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