GBP/JPY Weekly Morning Technical Report 11/12/2013
ecPulse
2013-12-11 07:23AM UTC
The pair is fluctuating sideways within a tight range since yesterday around 169.00 and we can see Stochastic gained positive momentum supporting the general uptrend/ Therefore, we still favor positivity over intraday and short term basis and trading above 169.05 is needed to support our outlook eying now areas of 172.30.
**Trading range expected today is between the key support at 167.95 and key resistance 171.50
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