Wed, 09 Mar 2016 08:50:47 GMT
HKD/JPY 4H Chart: Rectangle
As the Hong Kong Dollar is trading within a rectangle pattern, there is a high probability it will be confirmed to the downside by the end of this working week. Downward pressure will grow, as the HKD/JPY pair has been hovering below the 200-period SMA since early February and this moving average will shortly enter the territory of the pattern.