GBP JPY with sideways range 3/1/2013
Economies.com
2013-01-03 09:11AM UTC
The pair achieved 142.50 yesterday to settle in sideways range and in a high level since this morning’s trading.
The continuation of the fluctuation is expected within high level conditioned by holding above the support level at 139.90 to expect achieving the waited target at 144.50 during the near and medium period.
We notice the stability of Stochastic indicator in the overbought level, which support the price fluctuation during the near period.
Expected trading range is between: 140.00 and 144.50
Expected trend for today: Bullish
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