GBP JPY seeks positive momentum 12/9/2013
Economies.com
2013-09-12 07:56AM UTC
The pair touched 158.60 level yesterday affected by the bullish bias domination, and remains stable above 156.70, which formed a resistance barrier recently against the price rise, to turn into support now, and we notice the price fluctuation slightly attempting to gain new positive momentum to reach the waited target around 159.40 in the upcoming period.
Stochastic attempts to leave the overbought area to support gaining the required positive momentum and reach the mentioned target.
Expected trading range is between: 156.80 and 159.40
Expected trend for today: Bullish
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