GBP JPY under positive pressure 26/12/2013
Economies.com
2013-12-26 12:26PM UTC
The positive effect continues to push the pair to notice settling again around the resistance line extension at 171.80, which makes us stay aside for today until confirming the stability of the resistance line. Note that breaching the mentioned resistance will open the way to rally positively to start reaching new levels starting from 172.90
Stochastic settles around 80 level attempting to rally for more positivity to settle within the overbought levels, which increases the positive pressure on trading.
Expected trading range is between: 170.70 and 172.00
Expected trend for today: Neutral
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