GBP/JPY: 1-hour
It looks like a nice rising channel is starting to form on GBP/JPY. With price slowly falling and the Stochastic pointing down, it seems that we'll see the pair retest the lower boundary of the channel again. If you're bullish on the pair, the bottom of the channel would be a good place to go long and ride uptrend.
Source http://www.fxstreet.com/technical/analysis-reports/pippin-aint-easy/2011-12-02.html
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