By Forex Zone - August 31, 2016
GBPJPY falls from channel trend line
Spiked after breaking above 200 bar MA on  4-hour but found sellers against trend line resistance The GBPJPY moved above the 200 bar MA on the 4-hour chart for the first time since June 23rd (right before Brexit). That move above gave buyers a reason to buy and they took the pair higher in the Asian Pacific/London session.  The price rise continued at a steady click until the price reached the topside of a channel at the 135.76 level. The high reached 135.757.  The price held that line.Economic...