GBP JPY retests the broken level 18/2/2013
Economies.com
2013-02-18 08:01AM UTC
The pair formed bullish wave to surpass through it the moving average to reach 145.70 approaching from the broken bullish channel level around 146.00
Holding below the mentioned level leads the pair to resume the correctional track again to achieve 141.20
We must mention that surpassing 146.00 and offering positive closes above this level makes the price remains positive to reach the top level around 148.00.
Expected trading range is between 146.00 and 141.20
Expected trend: bearish
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