GBP JPY trades within bearish channel 26/2/2013
Economies.com
2013-02-26 08:19AM UTC
The pair hit the top level of the bearish channel at 142.80 yesterday to settle below 143.00 and achieve a strong decline led it to surpass 141.10 which was acting as an obstacle against the price recently to reach 137.80 which represents the bottom level for the bearish channel.
The fluctuation during the near period is expected if the price settled below 141.10 to reach 138.00 in today’s trading.
Expected trading range is between 141.00 and 138.00
Expected trend: bearish
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