GBP JPY fluctuates 28/1/2013

Economies.com
2013-01-28 08:29AM UTC

The pair kept the stability inside the bullish channel to approach from 144.15 to return and form a fluctuation bias use it to reach 143.10, and so the price will be limited between the channel support at 142.50 and the achieved top level.

 

The support level stability makes us expect more positivity to achieve 146.00 followed by 147.35 in the near and medium period, but you must be aware that stochastic is forming a bearish wave that makes it settle around 50 level , which assists in the continuation of the fluctuation during today’s trading.

 

Expected trading range is between 142.00 and 146.00

 

Expected trend: bullish

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