GBP JPY fluctuates within the channel 25/6/2013
Economies.com
2013-06-25 08:19AM UTC
The pair ended the bullish trading yesterday hitting 151.80, to notice an intraday bearish bias within the upside channel, and the price keeps its stability above the moving average which supports the overall bullish bias domination.
We remind you again that stability of the moving average 55 around the upside channel’s support line allows us to continue expecting the positivity to reach 153.50 level in the near term, while stochastic settles around 80 level to support the positive overview until now.
Expected trading range is between: 153.00 and 149.30
Expected trend for today: Bullish
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