GBP JPY attempts positively 20/11/2013
Economies.com
2013-11-20 07:31AM UTC
The pair remains stable above the initial support level around 160.00 to notice the price attempt to form bullish wave, to remain waiting for achieving the initial target near 162.50, and generally, the trading still within the main bullish channel if the main support level settled around 153.75 as appears in the above image.
Stochastic settles in the overbought level which might affect the trading today to provide sideways bias until providing new positive momentum that supports reaching to the waited target level.
Expected trading range is between 160.00 and 162.50
Expected trend for today: bullish
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