GBP JPY negotiates the resistance 11/4/2013

The bullish bias effect continued to push the pair to breach the 152.20 resistance level, hitting new higher levels around 153.00, thus, the potential bearish scenario stops to provide correctional bias as long as trading is stable above 152.00, and we expect more upside bias reaching 154.10

Stochastic still stable above 80 within the overbought levels, which supports the positivity in the near term, and we remind you again that any closing below 152.00 will support the correctional bias to reach 151.00 level.

Expected trading range s between 152.00 and 154.10

Expected trend for today: Bullish