GBP JPY remains positive 16/9/2013

In spite of Stochastic attempt to surpass the overbought level, the pair remains stable positively above 156.75 to keep our previous expectation of forming new bullish wave to visit 159.40 as a new positive target.

Stochastic attempt to get rid of 80 level supports gaining the waited positive momentum to achieve the previously suggested target, which keeps the price affected by the bullish bias without any fear from changing the trend.

Expected trading range is between 157.00 and 159.40

Expected trend for today: bullish