GBP JPY is waiting for new positive momentum 16/10/2013
Economies.com
2013-10-16 08:31AM UTC
The pair settles again around 157.50, keeping its stability above the support level 156.75 without achieving new positive levels due to the neediness for the required positive momentum to reach 158.80 which represents the initial target for the bullish trading, therefore we still waiting for gaining the required momentum to resume the expected positivity in the upcoming period.
Expected trading range is between 156.80 and 158.80
Expected trend for today: bullish
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