GBP JPY settles positively 24/4/2013

The pair kept the stability above 150.20 achieving positive steadiness at 151.50 attempting to achieve more positivity, noticing the stability of the trading above the moving average, which supports the domination of the bullish bias keeping our bullish bias expectation to achieve 153.80 followed by 154.65

Stochastic forms bullish wave to settle through it around 80 level to support the dominating positivity on the trading during the near period.

Carefully note that the bullish expectation will be cancelled in case breaking the moving average around 149.15.

Expected trading range between 150.20 and 153.70

Expected trend: bullish