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GBP/JPY Trading Between Declining Trendline and Rising Support
Stocks, Unit trusts, Wealth Management and Forex markets
06-04-2012, 01:51 AM
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The one
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Join Date: May 2000
Location: UK
Posts: 97,410
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GBP/JPY Trading Between Declining Trendline and Rising Support
The previous GBP/JPY update noted the support area between 129.70-130.00, to hold off a triple top from following through. The market did dip below 129.70, but remains above 129.50 and the support cluster of a rising trendline, and 200 4H simple moving average. The 4H candle in the chart above 
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