GBP JPY rises calmly 21/10/2013
Economies.com
2013-10-21 07:37AM UTC
The pair settles in a positive level around 158.30 to move quietly towards the initial target level at 158.80, generally we remain in our bullish expectation in the upcoming period to visit 158.70 then reach to 160.20 as a main target for the bullish trading.
Stochastic gets rid of the overbought level attempting to gain new positive momentum to support the price attempt to record new levels as we expected previously.
Expected trading range is between 157.60 and 160.20
Expected trend for today: bullish
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