GBP/JPY Weekly Technical Report 28/10-1/11/2013
ecPulse
2013-10-28 07:52AM UTC
GBPJPY kick started trading Monday with positivity breaching above 50 MA and attempting to consolidate above it, while Stochastic continues to trade higher over four-hour basis, supporting a retest of 160.00 areas. We require a daily closing above 157.70 to confirm the uptrend for sterling versus the yen and accordingly our weekly outlook is still neutral waiting for the confirmation.
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