EUR JPY achieves the targets 14/1/2013
Economies.com
2013-01-14 08:01AM UTC
The pair accomplished 120.10 in the recent trading to reach the expected target by breaching above the bullish channel which is acting now as a support against the price at 119.00.
Some fluctuation is expected between the achieved top level and 117.80 during the near and medium period conditioned by holding below 120.10.
Stochastic gets rid of the overbought level which supports the bearish bias for today.
Expected trading range is between 117.80 and 120.10
Expected trend: bearish as long as 120.10 remained stable.
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