GBP JPY is within the bullish channel 08/01/2013
Economies.com
2013-01-08 08:46AM UTC
The pair formed a bullish channel recently to settle within this channel as shown in the enclosed chart to continue the bullish bias control on the pair’s bias, as long as the support level settled around 137.80 which is supported by the moving average.
Our expectation remains the same waiting for achieving 144.50 during the near period with a potential fluctuation between the mentioned support level and the resistance level.
Expected trading range is between 138.00 and 144.50
Expected trend: bullish with a potential fluctuation within the upside channel.
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