EUR JPY is back to the channel 16/11/2012
Economies.com
2012-11-16 09:00AM UTC
The pair continued with the positive bias during yesterday’s trading to surpass 102.90 level and get back inside the broken channel as we can see in the image above, to reach now at 103.95 levels.
We can notice some correctional actions during this morning session touching the channel’s support again.
We expect more upside bias to hit 104.50 soon.
Stochastic is forming strong bullish wave just before reaching the overbought areas, which supports more upside trend.
Expected trading range for today is between: 102.90 and 104.50
Expected trend for today: Bullish
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