GBP JPY gains positive momentum 12/11/2013
Economies.com
2013-11-12 07:39AM UTC
The pair settles above 158.20 which formed an obstacle against the upside trading to record 159.05 since this morning trading, therefore we keep expecting the bullish bias domination in the upcoming period to keep waiting for recording the suggested target around 160.20, where breaching above it opens the way towards achieving 162.00 as a new positive target.
Stochastic provides new positive momentum by settling around 80 level to support the bullish bias domination on the trading in the near and medium period to achieve the suggested targets.
Expected trading range is between 158.20 and 160.20
Expected trend for today: bullish
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