Mon, 22 Aug 2016 12:08:04 GMT
GBP/JPY 1H Chart: Broadening Ascending Wedge
The Pound is in a broadening ascending Wedge pattern against the Japanese Yen, as the currency exchange rate is heading to the pattern's resistance line, which is located at 133.77. The pattern's upper trend line is also strengthened by the second weekly resistance level, which is located at 133.89. However, the currency rate has to pass the first weekly resistance