GBP JPY settles in sideways range.14/1/2013
Economies.com
2013-01-14 08:00AM UTC
The pair remained holding the bullish bias by accomplishing 144.75 to settle in sideways range at this level since this morning trading.
The stability below the resistance level which extends to 145.00 for today makes us expect forming a correctional bearish wave to limit the price between the mentioned resistance and 143.00 in the near period.
We must mention that breaching the resistance level will make the price reach to new level that led to attempt achieving 147.65.
Expected trading range is between 143.00 and 145.00
Expected trend: bearish as long as 145.00 remained intact.
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