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USD/JPY 4H Chart: Rectangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/TRY 1H Chart: Channel Up Comment: USD/TRY is currently trading at the upper boundary of the channel, implying we are likely to see a bearish correction before the bulls regain control of the pair. The price is expected to bounce off of 2.92 and fall until it meets the lower boundary of the pattern at 2.89. However, there are also plenty of arguments against the immediate sell-off. First, the technical indicators are mostly pointing upwards. In addition, we have a solid demand area at

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