GBP JPY within the bullish channel 3/12/2012
Economies.com
2012-12-03 08:22AM UTC
The pair got the positivity back after hitting the bullish channel support in last week trading around 130.35 to settle again around 131.80 which is considered as a clear target in our previous reports.
More bullish bias effect is expected during the near and medium term to achieve suggested targets around 132.80 and 134.25
We noticed Stochastic stability between 50 and 80 to keep the bullish bias is the dominant conditioned by the support level stability.
Expected trading range for today is between: 131.65 and 132.80
Expected trend for today: Bullish
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