GBP JPY pushes on the support line 22/3/2013
Economies.com
2013-03-22 08:18AM UTC
The pair’s trading continue within the upside channel to notice the return to touch the channel’s support line at 143.52 since morning, to settle above the moving average 55, thus, we continue with our positive expectation to hit 145.90 followed by 147.00 as long as the previous support remained intact.
We should mentioned that breaking the support line will push the price to reach bearish targets start at 142.90 then 141.70
Expected trading range is between 143.40 and 146.00
Expected trend for today: Bullish
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