GBP JPY is fluctuated 7/8/2013

The pair is affected by stochastic intraday negativity and shows fluctuated bias hitting 149.10 level in the morning, to stay within positive level holding above 148.10 support level, supported by 23.6% Fibonacci level as shown in the above image, thus, the positive overview remains valid conditioned by holding the previous support line to reach 151.80 level in the upcoming period.

Stochastic contradicts with the general bullish bias by declining to 50 level, which makes us waiting to form bullish bias again.

Expected trading range is between: 148.40 and 150.60

Expected trend for today: Bullish