GBP JPY is sideways 26/6/2013
Economies.com
2013-06-26 08:33AM UTC
The pair provides sideways bias since its last trading to limit the trading between 151.80 as an initial resistance and 149.50; generally we notice the stability of the price inside the bullish channel if the support level settled around 148.70 to continue in expecting the positivity in the near period to visit 153.40 then 154.60
Stochastic is affected by the sideways bias to form intraday bearish wave attempting to gain the required positive momentum by holding above 50 level
Expected trading range is between 152.80 and 149.00
Expected trend for today: bullish
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