GBP JPY provides strong positivity 23/8/2013
Economies.com
2013-08-23 07:54AM UTC
The pair succeeded to provide a close above 153.00 to notice the clear rise for the price visiting 154.20 which represents the initial target, which supports our bullish expectation to achieve the main waited target level around 155.40
We notice the stability of Stochastic below 80 level to support more positivity in the upcoming period, carefully note that the stability above 154.20 supports forming the double bottom pattern as appears in the above image.
Expected trading range is between: 153.60 and 155.40
Expected trend for today: Bullish
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