GBP JPY searches for the positive momentum 22/7/2013
Economies.com
2013-07-22 08:00AM UTC
The pair still trades below 153.40 which forms a barrier against the upside trading to settle around 152.75 level since morning, while we still waiting the required breach to reach the waited target around 154.40 conditioned by the stability of the upside channel around 151.80
Stochastic enters the overbought level to support the intraday sideways trading until getting the positive momentum to reach the previously mentioned target.
Expected trading range is between: 152.00 and 154.40
Expected trend for today: Bullish
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