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USD/JPY 4H Chart: Channel Up

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

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/CHF 4H Chart: Channel Up Comment: The overall outlook on USD/CHF is bullish, being that the currency pair has formed an upward-sloping channel. The in the short run, however, we expect a decline, since the price is close to the upper trend-line of the pattern. The rate should top out near 1.0255 and then fall. If this resistance is not enough to stop the present advancement, there is also the January high at 1.03 that supposedly is even more difficult to breach. In the meantime, the

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