GBP JPY stabilized positively 31/12/2012
Economies.com
2012-12-31 08:00AM UTC
The pair settles clearly positively around 139.10 to stay generally higher without achieving the waited target until this moment at 140.00.
The chart shows the strength of the resistance level at 140.00 that makes us expect more fluctuation to limit the trading between 140.00 and the support level at 136.00
Stochastic enters the overbought level that makes us witness some fluctuating moves on the pair to keep the bullish bias is the dominant.
Expected trading range for today is between 136.00 and 140.00
Expected trend for today: bullish with a potential fluctuation
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