The moving average attracts GBP JPY 28/8/2013
Economies.com
2013-08-28 07:54AM UTC
The pair remains effected by yesterday’s negative trading to notice the stability of the price around the moving average 55 achieving 150.45, generally the price remain within the positive range if the main support level settled around 149.70 which allows us to expect the return of the bullish bias gain in the near period to visit 152.35
Stochastic remains providing negative signal by settling around 20 level which supports the price fluctuation before gaining the positive momentum again.
Expected trading range is between 150.45 and 152.30
Expected trend for today: bullish
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