GBP JPY moves to the resistance 25/3/2013
Economies.com
2013-03-25 08:19AM UTC
By the enclose chart we notice the stability within neutral triangle to rise from the triangle support level at 142.90 towards the resistance level 144.50 since morning trading.
Breaching above the resistance level pushes the price to resume the expected bullish bias to achieve 146.00 as an initial target, while the stability of the resistance level will make the price settle again within the previous triangle to keep the trading limited until breaching one of these levels.
We recommend monitoring the trading until breaching above the resistance level to resume the positive trading.
Expected trading range is between 143.40 and 146.00
Expected trend: we recommend monitoring the trading until achieving the breach.
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