Wednesday, 30 April 2014

GBP/JPY 4H Chart: Ascending Triangle

EUR/NOK 1H Chart: Channel Up Comment: The single European currency embarked upon appreciation against its northern peer early April when the pair plunged to a six-month low of 8.2026. Since then, EUR/NOK has been constantly rising and on April 16 it entered a bullish tunnel. At the moment, the pair is locked between its short-and long-term SMAs, with the 200-hour SMA at 8.2885 meandering below the instrument. In the hours to come, the currency couple is likely to move closer to this support

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