GBP JPY with some correction 23/11/2012
Economies.com
2012-11-23 06:39AM UTC
The pair breached 131.80 yesterday hitting 132.400 level while it couldn’t settle above it, to retrace towards 131.10.
We expect more fluctuations today to settle with positive bias inside the upside channel, conditioned by holding above the 129.55 level.
The main target is around 130.15, and carefully note that Stochastic signals for more correction by forming bearish wave.
Expected trading range for today is between: 130.40 and 133.15
Expected trend for today: Bullish
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