GBP JPY is in sideways range 19/8/2013

The stability of the resistance level 153.20 keeps holding against the price rise to form sideways bias until gaining the positive momentum to breach the previous level to reach 155.05 as a new positive target, therefore we expect the continuation of the price fluctuation between the current resistance and 150.90 until achieving the required momentum to resume the positivity in the upcoming period.

Stochastic stability continues around 80 level, supporting the positivity generally without gaining the positive momentum until this moment.

Expected trading range is between 151.00 and 153.20

Expected trend for today: sideways.