GBP JPY touches the support line 26/7/2013
Economies.com
2013-07-26 08:15AM UTC
The pair formed negative intraday bias yesterday to settle around the main support at 151.80, and continue to hold around this level since morning, while we should note that the stability of the mentioned level supports settling within the upside channel to expect forming bullish wave again to reach 154.40
Note that breaking the mentioned support will push the price negatively towards 149.80 which represents the moving average 55.
Expected trading range is between: 151.70 and 153.20
Expected trend for today: Bullish
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