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USD/JPY 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBP/AUD 4H Chart: Channel Down Comment: The near-term outlook on GBP/AUD is strongly positive after the Sterling followed the bearish scenario described on Tuesday. Although the pair has formed a high-quality descending channel, right now the price is testing the lower boundary of the pattern. As if it were not enough, this trend-line is reinforced by the monthly S1 and 2015 low. As a result, we are not only bullish in the short run, but also consider the medium-term outlook as mixed, being

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