GBP JPY is back to the positivity 10/1/2013
Economies.com
2013-01-10 08:01AM UTC
The bullish bias proved it's domination on the pair by achieving positive closings above 140.00 for yesterday, to settle again around 141.30 since morning session.
In general, the price is settling within the minor channel as shown in the image to keep our previous expectation valid, waiting to reach 143.50 followed by 144.50
Stochastic starts reaching the overbought level which supports the bullish bias domination.
Expected trading range is between: 140.60 and 143.50
Expected trend for today: Bullish
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