GBP JPY attracted towards the resistance 21/8/2013
Economies.com
2013-08-21 07:44AM UTC
The pair returned to form bullish wave to be attracted positively and approaching to the resistance level at 143.20 by settling around 152.70 since morning, but we still waiting for breaching the previous resistance level to renew the positivity in the near and medium period to achieve the main target around 155.40, thus we recommend monitoring the trading for today until achieving the main conditioned to resume the positivity
Stochastic remains stable below 80 level, providing the required bullish bias to achieve the waited breach to reach the previously mentioned target level.
Expected trading range is between 151.80 and 154.30
Expected trend for today: bullish
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