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GBP/JPY 4H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBP/CAD 4H Chart: Channel Up Comment: GBP/CAD continues to develop a bullish channel despite the 200-period SMA it is currently facing. If the up-trend and weekly PP stay intact, the currency pair will probably be able to surpass last week’s high and challenge the upper boundary of the pattern. In the longer term we will then be waiting for a test of the September high. Alternatively, should the rate slide beneath 2.0146 today, the outlook will be changed to bearish, and 1.9940 will be

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