Chart of the Day - GBP/JPY |
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(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend line in green; chart patterns in yellow; 200-period simple moving average in light blue.) 8/18/2008 – GBP/JPY – Monday’s price action on most currency pairs has been slow-moving and marked by sideways consolidation. GBP/JPY, a daily chart of which is shown, has been no different. After the severe drop that occurred last week, this pair has corrected somewhat and consolidated into what
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