GBP JPY needs new momentum 9/9/2013

The pair kept the stability above the initial support level at 154.25, to settle around 156.00 since morning affected by the main bullish bias, therefore we continue in expecting the positivity in the upcoming period to achieve 157.10 as a positive target.

Stochastic gets rid of the overbought level attempting to gain the required positive momentum to breach 156.00, supporting achieving the previously mentioned target level.

Expected trading range is between 155.30 and 157.10

Expected trend for today: bullish