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Midday update for EUR USD 07/03/2013

Economies.com
2013-03-07 11:30 UTC

The pair trades positively since morning to step again above 1.2990, affected by the positive signal of Stochastic, while we are waiting today’s close according to the mentioned level to confirm the next intraday trend.

 

Therefore, the neutrality remains valid for the rest of today’s trading.

 

Expected trading range for today is between: 1.2800 support and 1.3145 resistance.

 

Expected trend for today: Neutral

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EUR JPY is in sideways range 7/3/2013

Economies.com
2013-03-07 08:10 UTC

The pair moves in sideways range recently to keep its stability above the support level 121.00, to keep our positive expectation during the near period to reach 122.40 which breaching it will make the waited target around 123.45

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GBP JPY settles on the support 7/3/2013

Economies.com
2013-03-07 08:09 UTC

The sideways bias effect continued on the pair’s recent trading to be limited between 141.40 and the new channel’s support, therefore we remain in our positive expectation to achieve 141.90 followed by 142.30 conditioned by the stability of the support level.

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Platinum is stuck below the average 7/3/2013

Economies.com
2013-03-07 08:08 UTC

Platinum price remains stable above the support level 1560.00 to be trading calmly settled below the moving average 55, therefore, the positive trading remains valid but tighter until breaching above the moving average at 1620.00 to reach 1660.00

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