GBP JPY needs positive momentum 8/11/2013
Economies.com
2013-11-08 08:50AM UTC
The pair failed to settle in the top level which was recorded yesterday near 159.20 to provide a daily close around 158.00, keeping its ultimate positivity if the main support level remained intact, therefore we need a new positive momentum to support the price reach to the main target that is located around 160.20
Therefore we keep expecting the positivity if the support level settled waiting for gathering new positive momentum that supports reaching to the main target level
Expected trading range is between 157.40 and 159.20
Expected trend for today: bullish
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