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Timonrosso

GBPZAR Massive Falling Wedge which is bad for the rand

Long
GBP/ZAR (OANDA:GBPZAR)  
Timonrosso  
OANDA:GBPZAR   GBP/ZAR
Chart Patterns Trend Analysis Technical Indicators GBPZAR gbpzarforecast gbpzarlong
1
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chartpattern trendanalysis indicator gbpzar gbpzarforecast gbpzarlong
Massive Falling Wedge has formed on the weekly...
We are near a breakout level, which we can only hope it doesn't breach.
If it breaks above R20.35, then the next target will be R25.00.
This most likely will only hit in around 2024 though so let's not be too worried just yet.
Long term analysis
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Timon Rossolimos
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(Pro trader since 2003)
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