GBP JPY settles positively 14/3/2013
Economies.com
2013-03-14 08:11AM UTC
The pair kept the stability within the bullish channel after hitting the support level as appears in the enclosed chart, to keep our positive expectation in the near and medium period valid to achieve 144.00 as an initial target followed by 144.90.
In general, the stability above the moving average 55 besides the stability of Stochastic above 50 level are positive signals for the upcoming trading.
Expected trading range is between 142.90 and 144.90
Expected trend: bullish
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