GBP JPY waiting for the bullish momentum 12/8/2013
Economies.com
2013-08-12 07:44AM UTC
The pair return to form sideways bias by settling around 149.50 keeping its positivity by settling inside the bullish channel as appears in the above chart, therefore the stability of the support level at 148.55 for today, supporting the bullish expectation to achieve 151.00 and followed 153.20 in the upcoming period.
Stochastic settles around 50 level waiting for achieving positive momentum to support our bullish expectation to achieve the previously mentioned targets levels.
Expected trading range is between 148.80 and 151.00
Expected trend for today: bullish
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