GBP JPY settles inside the channel 11/12/2013
Economies.com
2013-12-11 08:11AM UTC
The pair couldn’t settle above the psychological barrier level at 170.00 to return to settle within the channel by forming bearish wave, therefore the stability of the psychological barrier will push the price to form more negativity to return to expect resuming the correctional bearish bias to achieve 165.20 as a main target in the upcoming period.
Stochastic remains supporting the positivity around 80 level, but the stability of the psychological barrier represents a strong resistance against the trading which supports the trading decline in the upcoming trading.
Expected trading range is between 170.00 and 167.30
Expected trend for today: bearish if the psychological barrier remained intact.
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