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USD/JPY 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 28, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/SEK 4H Chart: Channel Down Comment: USD/SEK failed to recover past 8.46/8.48 last month, and as a result, the exchange rate is forming a descending channel on its way towards the lowest since October level. However, before the final bearish wave to 8.0950 there is likely to be an upward correction from the lower boundary of the pattern that, together with the weekly S2 and monthly S3, implies a dense demand area at 8.2665/30. An additional reason to be bearish is the current sentiment in

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