Fri, 13 Dec 2013 14:32:34 GMT
GBP/JPY 4H Chart: Rising Wedge
Following eventless for GBP/JPY November, the currency pair initiated a powerful recovery that has already covered more than 12 figures. However, ahead of the round level of 170, Sterling's appreciation relative to the Japanese Yen has noticeably slowed down, resulting in formation of the rising wedge pattern.And even though most of the technical indicators on the four-hour and daily charts