GBPJPY fails to breach the resistance 10/12/2012
Economies.com
2012-12-10 08:01AM UTC
The pair remains trading with an intraday bearish bias settled within the bullish channel as shown in the enclosed chart to settle below 132.00 moving away from the previous achieved top.
More fluctuation is expected if Stochastic stabilized between 50 and 20, but we mention that the channel support level accompanied with the moving average supports the level strength as shown in the enclosed chart, therefore we are holding with the bullish bias if the price settled above the support level
Expected trading range for today is between: 131.20 and 132.90
Expected trend for today: Bullish with being aware for the price fluctuation
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