GBP JPY stands hesitant 1/8/2013
Economies.com
2013-08-01 07:50AM UTC
The pair hit the previously mentioned target around 148.20 to face a support line that pushes the price to settle between the moving average –located at the retest of the broken channel- and 148.00 level, thus, we recommend staying aside for today until breaching one of the mentioned levels.
Stochastic is at the oversold area, while resuming the negativity needs a break to the current support line to reach 147.40
Expected trading range is between: 149.70 and 148.00
Expected trend for today: Neutral
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