Wed, 20 Nov 2013 13:14:58 GMT
EUR/JPY 1H Chart: Channel Up
The single European currency has been consistently gaining in value relative to the Japanese Yen since Nov 7 and at the same time has been trading within a bullish channel. Yesterday, however, the currency pair nearly exited the rising corridor after forming two consecutive peaks around 135.40.Still, the bullish support trend-line was able to negate the selling pressure and sent