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GBP/JPY Testing Short-term Rising Channel Support

posted by Avatar FXTimes 309 days ago in JPY, GBP, Technical made popular 309 days ago

The GBP/JPY started trading in a short-term rising channel after finding support around 122.00 last week (7/12). This week, the channel has come close to 123.87, just shy of last week’s high of 124.00. As we get into the 7/18 US session, the GBP/JPY tested the rising channel support near 123.00 and is so far respecting, shown by the latest...
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