EUR JPY is around the moving average
Economies.com
2013-03-19 07:53AM UTC
The pair rose as we expected to hit the moving average after achieving losses in its recent trading reaching 123.95, we notice the stability of the price around this level since this morning trading to settle below the broken support at 124.35
Accordingly, the continuation of the negativity is expected if the price settled below 124.35 to visit 123.30 followed by 122.60 supported by Stochastic decline from 80 level to approach from 50 as appears in the above chart.
Expected trading range is between 124.35 and 122.60
Expected trend: bearish
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