GBP JPY surpasses the moving average 31/7/2013
Economies.com
2013-07-31 07:56AM UTC
The pair is affected by clear negativity since yesterday to break the support line by settling below the moving average 55 at 150.00, which makes us expect forming bearish wave in the near term to reach 147.85
Stochastic negativity continuation pushes the price for more negative actions, thus, holding below the moving average supports the price decline for today towards the mentioned target.
Expected trading range for today is between: 150.00 and 148.00
Expected trend for today: Bearish
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