GBP/JPY Weekly Technical Report 2-6/12/2013
ecPulse
2013-12-02 10:33AM UTC
The pair resumed the uptrend after consolidating at 166.90 and attempting to breach 168.00 supporting the upside wave over intraday and short-term basis. The upside targets extend towards 173.25 yet negativity might force the pair into sideways trading before resuming the upside wave as far as stability remains above 165.80.
**Trading range expected this week is between the key support at 166.00 and key resistance 172.50
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