GBP/JPY Weekly Technical Report 8-12/7/2013
ecPulse
2013-07-08 08:37AM UTC
The GBP/JPY pair maintains a steady position above the bullish channel's support, pillaring potential positive trades in the upcoming stage. Targets begin by surpassing 151.90 then heading toward 156.75. The negativity of Stochastic may force the pair to fluctuate in a sideways manner, whereas breaking 149.90 will cease positive expectations.
**Trading range expected this week is between the main support at 149.00 and the main resistance 156.75.
**Short-term trend is upside targeting 163.00 if 147.65 remains intact.
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