Day: December 9, 2012

Yen Gives Us Two Nice Flag Patterns

Daily charts of two JPY currency pairs now feature distinct bullish flag patterns that usually precede an uptrend continuation. The first pair is USD/JPY, where consolidation phase resembles a horizontal channel and is already 12 trading days long. The second pair is GBP/JPY. Its flag part is 13 trading days old and is tilted up significantly (which is a rather bad feature). A flag […]