GBP JPY breaches the resistance level 10/12/2013
Economies.com
2013-12-10 07:26AM UTC
The pair rallied yesterday to breach the resistance level at 169.55 achieving the psychological barrier around 170.00 to support the bullish bias domination on the trading until this moment, and the continuation of the price attempt to settle above 169.55 supports the price rally to reach new positive level that begin at 171.30
Stochastic returns to settle around 80 level to provide the positive momentum for the trading, which supports the upside rally to achieve the suggested target level around 171.30
Expected trading range is between 169.60 and 171.30
Expected trend for today: bullish
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