The moving average attracts the GBP JPY 29/7/2013
Economies.com
2013-07-29 07:58AM UTC
The pair continued to show negative bias to settle around 150.30 approaching from the moving average which supports the upside channel’s support around 150.00 for today, to resume the bullish overview conditioned by stability of the support line to reach 152.20
We notice stochastic negativity which settles in the oversold levels which makes us adopt the sideways trading for today until getting four hours close above the support level to avoid the risk of breaking the current support.
Expected trading range for between: 150.00 and 152.20
Expected trend for today: Bullish
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