GBP JPY is fluctuating negatively 18/12/2013

The pair achieved 166.55 in yesterday’s trading affected by the negativity of the trading to make the price remain effected by the correctional bearish bias if the main resistance level settled around 170.00, which makes us wait for achieving the waited target in the previous report near 165.20

Stochastic attempts to get new negative momentum to notice its stability above 20 level which might push the price to form an intraday sideways bias until it reaches the suggested target.

Expected trading range is between 168.50 165.20

Expected trend for today: bearish