Mon, 02 Dec 2013 07:35:26 GMT
GBP/JPY 1H Chart: Channel Up
Having jumped above the 200-hour SMA, GBP/JPY commenced its upswing that has eventually led to a formation of the channel up pattern on November 20. The pair was following its bullish trend unremittingly, withstanding heavy selling pressure arising when the currency couple was hitting record highs. For example, GBP/JPY touched the highest mark since at least 2009 but has no