GBP JPY provides positive signals 21/3/2013
Economies.com
2013-03-21 08:27AM UTC
The pair trades with stability above the moving average 55 to provide positive signals by achieving 145.20, thus the price settles inside the bullish channel to expect more positivity in the near and medium trading to visit 145.90 followed by 147.05
By the enclosed chart we notice the stability of the moving average around the support level to support the positivity for the upcoming trading, also Stochastic breaches 80 level to settle in the overbought level which supports the expected positivity.
Expected trading range is between 144.00 and 146.00
Expected trend: bullish
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