Mon, 20 Aug 2012 19:08:47 GMT
GBP/JPY to test 124.01
The bearish correction, which started on August 19th, continues its movement downwards, and GBP/JPY is gradually moving towards the weekly PP at 124.01, which is very likely to bring some bullish momentum, however, if it fails to stop the downtrend, then the price might reach the 55-day SMA at 123.44, which is expected to change the prevailing trend. Additionally, RSI