EUR JPY gets some of the positivity back 4/4/2013

119.10 level forms an obstacle against the price decline recently, to witness the stability of the trading above this level until the morning, noticing achieving big gains since the morning achieving 120.80 after the issuance of the Japanese data, therefore we expect the continuation of the positivity to visit 121.90 which often formed an obstacle against the pair decline recently.

We recommend the neutrality for today’s trading until the end of the current wave to define the true trend in the near trading .

Expected trading range is between 119.20 and 122.20

Expected trend: we recommend the neutrality.