GBP JPY settles around the support 24/12/2012
Economies.com
2012-12-24 07:15AM UTC
The pair achieved some correctional moves in Friday’s trading to settle around the support level 135.85 as expected in our previous report.
The support level stability makes the price limited between the mentioned support and the resistance level around 137.50 to expect remaining in sideways range during the near period.
We must mention that breaking below the support level makes us expect more bearish moves reaching towards 134.20
Expected trading range for today is between 134.20 and 137.50
Expected trend for today: sideways
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