GBP JPY is stable above the neckline 5/2/2013
Economies.com
2013-02-05 08:13AM UTC
The pair achieved a clear stability above the neckline level of the inverted head and shoulders at 144.50 to keep the bullish bias dominant and achieve the expected targets at 147.65 in the near and medium period.
Stochastic attempts to stop the bearish wave, to be ready to form a bullish wave to support the expected bullish bias.
Expected trading range is between 144.50 and 147.65
Expected trend: bullish
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