EUR JPY is back to the positive trading 29/11/2012
Economies.com
2012-11-29 08:30AM UTC
The bearish trend effect didn’t continue yesterday as expected to reach 105.20 to end the correction trip and return to the main bullish bias again, to witness the heading to the upside reaching to 106.50 since this morning as we mentioned in our previous report.
In spite of the bearish wave formed by Stochastic, the bullish bias is stronger and didn’t let any opposite wave affect the price.
The channel support level stability around 104.50 confirms the bullish bias.
Expected trading range for today is between: 106.00 and 107.40
Expected bias for today: bullish
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