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USD/PLN 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    GBP/AUD 1H Chart: Channel Up Comment: GBP/AUD is currently trading in a narrow but nonetheless well-defined channel. At the same time, hourly and four-hour indicators are pointing upwards, and the Jan 25 high was unable to stop the Pound from appreciating further, just like the 200-hour SMA that we left behind on Feb 2. We therefore see the Sterling having more upside potential. However, the recovery is expected to be stopped by a major resistance area between 2.0750 and 2.0800, where we have

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