GBP/JPY Weekly Technical Report 2-6/9/2013
ecPulse
2013-09-02 09:36AM UTC
The GBP/JPY pair breached 153.00 and is attempting to settle above it now, clearing the path for potential positive trades in the upcoming days. Targets of the proposed bullishness begins at 154.60 and extend toward 156.75. The Moving Average 50 is supporting that bullishness, which stands intact if the price resides above 152.40.
**Trading range expected this week is between the main support at 151.95 and the main resistance 156.75
**Short-term trend is to the upside, targeting 163.00 if 147.65 remains intact
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