Thu, 04 Aug 2016 10:59:19 GMT
HKD/JPY 1H Chart: Broadening Descending Wedge
The Hong Kong Dollar is moving in a broadening descending wedge pattern against the Japanese Yen. At the moment, the currency exchange rate has bounced off against the pattern's upper trend line at 13.0940, and it is moving lower. However, the pair is set to struggle with a support cluster on its way downward, as at 12.9700 the 2014 low