GBP JPY surrenders to the negativity 4/10/2013
Economies.com
2013-10-04 08:38AM UTC
The pair declined yesterday to settle around the key support line at 156.70 and we notice the domination of the bearish bias since morning to offer negative momentum, which supports the negative bias domination on the near term trading, thus, we will start expecting reaching bearish levels conditioned by stability below 157.00 to reach 154.25.
Stochastic provides negative pressure for the coming trading by settling bearishly approaching from 20 level as shown in the image.
Expected trading range is between: 157.40 and 154.30
Expected trend for today: Bearish
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