GBP JPY is below the resistance 20/8/2013
Economies.com
2013-08-20 08:01AM UTC
The pair failed to settle above 153.00 yesterday, noticing that the price returns to settle around 152.40 since this morning trading, which makes us expect more sideways trading to limit the price between the previous resistance and 151.00 until gaining the required positive momentum to resume the previously expected positivity.
Stochastic gets rid of the overbought level to regain the required positive momentum to breach 153.20 in order to renew the positivity in the upcoming period.
Expected trading range is between 151.40 and 153.20
Expected trend for today: sideways until achieving the required breach
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