GBP/JPY 4H Chart 12/18/2012 2:50PM EST Bullish trend: The GBP/JPY has opened up a strong bullish trend since we observed a major breakout above a key declining trendline back in November. The rally accelerated in December and there has not been any significant corrections. The 4H chart shows the RSI, and thus momentum, in very bullish mode. The moving averages are in bullish alignment as well. At this point, only a reversal back below this week’s low, which was last week’s high at 135.40 ,
