GBP/JPY Weekly Technical Report 11-15/11/2013
ecPulse
2013-11-11 09:17AM UTC
The pair managed to breach 158.15 and stabilized above it once again supporting the upside expectations over intraday and short-term basis, supported as well by the MA 50. We wait for the main target which is a breach of 159.90 to open way towards 162.00 which require stability above 157.05.
**Trading range expected this week is between the key support at 157.05 and key resistance 162.00
**Short-term trend is to the upside, targeting 163.00 as far as 147.65 remains intact
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