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GBP JPY hits 32.6% Fibonacci 5/3/2013
The pair moved quietly in its recent trading to be trading with bullish bias to achieve 141.15 which represents 23.6% Fibonacci, to confirm that it surpassed the correctional bias and begin a positive bias.
Some fluctuation is expected in today’s trading if the price settled above 140.10 to achieve 142.20 as a main target for the upcoming trading.
As for the risky trader, he can continue in the suggested positive bias that we explained in our previous report with being aware from the mentioned support.
Expected trading range is between 141.00 and 142.30
Expected trend: bullish
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