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USD/ZAR 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 27, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/JPY 4H Chart: Channel Up Comment: AUD/JPY is approaching the lower boundary of the recently formed channel, meaning the outlook on the pair is bullish both in the short and long terms. The price is expected to bottom out near 88.25/00 and start a recovery. The first resistance in this case will be the monthly R1 at 88.74, followed by a more important level at 89.13. The counter-arguments are the facts that the market is overbought (72% of positions are long) and the weekly indicators are

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