EUR JPY continues positive 11/1/2013

Economies.com
2013-01-11 08:28AM UTC

The pair continued with the bullish bias to hit 118.20 level attempting to breach above the upside channel's resistance.

 

We should mention that in case the price managed to breach, the way will be open to reach 119.15 and 120.00 in the medium term, but we notice the overbought case on stochastic which might force the price to fluctuate today.

 

We recommend staying aside for today until we become sure from the right trend.

 

Expected trading range is between: 116.80 and 119.10

 

Expected trend for today: Neutral

 

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