Wed, 11 Dec 2013 12:47:31 GMT
USD/JPY 4H Chart: Channel Up
Being underpinned by the support at 97 the currency pair managed to start a strong recovery at the end of October. The rally, however, was bound by two rising trend-lines, meaning there is a bullish channel currently emerging on the four-hour chart. Still, the market is yet to confirm reliability of the lower boundary of the pattern, which was respected