GBP JPY in a bullish level 30/12/2013
Economies.com
2013-12-30 08:39AM UTC
The pair succeeded to breach 172.60 which was acting as a barrier against the price attempt to rise to notice recording 173.95, which pushes us to keep expecting the domination of the bullish bias in the upcoming period, hence the price forms a minor bullish channel to remain waiting for achieving 175.90 as a main target for the upcoming period.
Stochastic remains stable in the overbought level to support the bullish bias domination until this moment to remain waiting for achieving the suggested target if the initial support level settled around 172.60
Expected trading range is between 172.70 and 175.00
Expected trend for today: bullish
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