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GBP/JPY to Test a Short-term Consolidation Pattern Support ahead of BoJ

Money Mind - Forex


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Old 26-04-2012, 08:50 PM
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Default GBP/JPY to Test a Short-term Consolidation Pattern Support ahead of BoJ

The 1H GBP/JPY chart shows the market trading in a sideways manner. It could be a symmetrical triangle, but the market broke through the declining resistance and hit the 131.80 high, making it a possible ascending triangle as well. Whatever the resistance, the support seems to be clearly in the

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