GBP JPY keeps its levels 25/4/2013

The pair is trading in tight range since yesterday trading, settling around 152.00, keeping its bullish bias if the trading settled above 150.20, which represents an initial support level, therefore we remain in our bullish overview to achieve 153.80 then 155.00 which forms the top level for the bullish channel.

Stochastic gets rid of the overbought levels to remain stable in a positive level, which increases the expected positive momentum I the near and medium period.

Expected trading range is between 151.20 and 153.70

Expected trend for today: bullish