GBP JPY settles in positive level 11/11/2013

In spite of the positive momentum in the recent period, but we notice that the pair settles around 158.50 which forms positive level if the critical support level around 156.75 remains intact, and that makes us continue expecting the positivity to achieve 160.20 in the upcoming period.

Stochastic settles in positive level approaching from 80 level to support the bullish expectation in the upcoming period to remain waiting for achieving the suggested target level if the critical support level.

Expected trading range is between 157.80 and 160.20

Expected trend for today: bullish