GBP JPY within tight range 23/7/2013
Economies.com
2013-07-23 08:01AM UTC
Despite trading with the upside channel, the price consolidates near the channel’s support line waiting to gain new positive momentum to support reaching the previously mentioned targets starting from 154.40
We need stability of the support line against the current trading at 151.80 to ensure the bullish bias domination until getting more positivity, while stochastic attempts to leave the overbought area to gain the required momentum to reach the mentioned targets.
Expected trading range is between: 152.00 and 154.00
Expected trend for today: Bullish
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