EUR JPY in sideways range 07/01/2013

Economies.com
2013-01-07 07:08AM UTC

The pair continued moving higher within the bullish bias to remain stable around 114.90 without reaching the accomplished top level at 115.85, to keep the price in sideways range during the recent period.

 

Some fluctuation is expected for today’s trading between the support level 112.00 and the top level at 115.85 to make the price remains stable within the bullish channel as appears in the enclosed chart.

 

Stochastic attempts to get rid of the overbought level which supports the expected fluctuation.

 

Expected trading range is between 112.20 and 115.85

 

Expected trend: bullish with a potential correctional wave.

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