Could GBP/JPY have printed a bottom? Well with some long wicked candles followed by some strong momentum buying off the previous swing low, this could very well be the case! While the trend line at the top of the daily chart shows the pair in a bearish trend, the fact that price didn’t look back when GBP/JPY tested the broken channel resistance gives a sign that maybe the trend isn’t the key factor here. A strong case could actually be made for a counter-trend trade, with momentum on the bulls’ side. Not to mention the fact that price is also at the bottom of that previously drawn channel (use your imagination and ... (full story)