GBP JPY hits the targets 15/3/2013

The pair strongly breached 61.8% Fibonacci level at 144.00, to hit our two targets and close yesterday around 144.90 as mentioned in our previous report.

We notice the positive trading since morning, to reach 145.20 level, and so, we continue to expect more positivity in the near and medium term, to hit 145.60 followed by 146.70 levels.

Expected trading range is between 144.90 and 146.70

Expected trend for today: Bullish