GBP JPY is stuck 9/5/2013
Economies.com
2013-05-09 08:06AM UTC
The pair attempted to achieve positive levels yesterday to notice the price return to settle near the initial support level around 152.90 for today, keeping the trading stuck between the mentioned support and 154.70, therefore we recommend the neutrality for today until getting clearer image to detect the targets in the near period.
Stochastic attempts to form bearish wave by settling below 80 level, which supports the indicators contradiction if the trading settled above the moving average 55 as appears in the above chart.
Expected trading range is between 152.00 and 154.00
Expected trend for today: neutral
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