GBP JPY extends in its trading 11/3/2013
Economies.com
2013-03-11 08:13AM UTC
The pair’s positive trading continued by the stability of the price within the bullish channel at last Friday to settle above the moving average 55 to make us certain from the domination of the bullish bias on the upcoming trading.
We expect achieving 144.90 as a main target for the near trading if the bullish channel’s support settled around 141.80.
We noticed that the trading begins with fluctuating move due to Stochastic negativity by settling below 50 which supports the price’s fluctuation within the bullish channel before achieving the waited target.
Expected trading range is between 142.60 and 144.90
Expected trend: bullish
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