GBPJPY touches the channel 16/11/2012
Economies.com
2012-11-16 08:59AM UTC
The pair continued with the bullish bias reaching the waited target at 128.90 and touching the previously breached channel.
We don’t expect additional positive trading until the channel’s level is breached at 129.00, and we might witness some correctional bounce before breaching the mentioned level.
Stochastic is touching levels near 80.00 to support the bullish trend.
Expected trading range for today is between: 127.90 and 129.40
Expected trend for today: Bullish
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