GBP/JPY Weekly Technical Report 22-26/7/2013

ecPulse
2013-07-22 08:26AM UTC

The GBP/JPY pair closed the weekly candlestick above 153.00, stressing expectation of the continuation of the uptrend within the bullish channel. Targets are expected to begin at 154.25 and extend toward 156.75 throughout the week. The pair must reside above 151.60 so that the uptrend would continue.

**Trading range expected this week is between the main support at 151.15 and the main resistance 158.00.

**Short-term trend is upside targeting 163.00 if 147.65 remains intact.

 

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