GBP JPY breaches the pattern 1/2/2013
Economies.com
2013-02-01 08:14AM UTC
The pair succeeded to breach above the neckline of the inverted head and shoulders pattern at 144.10 to accomplish a clear rising reaching to 146.30.
The stability above the neckline makes us expect more of the positivity reaching to 147.65 in the near period.
Stochastic is reaching the overbought level to make the price be trading between the retest level and the previously mentioned target level.
Expected trading range is between 141.10 and 147.65
Expected trend: bullish.
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