Stochastic supports the GBP JPY positivity 5/8/2013
Economies.com
2013-08-05 07:47AM UTC
The pair still keeps its positivity above the moving average 55 to settle within the upside channels that appears in the image, therefore, we continue to expect the positivity in the upcoming period to reach 151.80 followed by 153.10 levels.
Stochastic supports the bullish bias domination by breaching 50 level, to form bullish wave that approaches 80 level as shown in the image.
Expected trading range is between: 149.80 and 153.00
Expected trend for today: Bullish
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