GBP JPY achieves a correctional level 9/1/2013

Economies.com
2013-01-09 06:52AM UTC

The pair trades within the upside channel approaching the channel’s support at 138.30 for today.

 

We notice the stability of the moving average around the mentioned support to remain with the bullish bias and achieving targets around 144.50

 

Note that holding above 136.10 supports the general bullish trend.

 

Expected trading range is between 138.30 and 142.20

 

Expected trend for today: Bullish

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