EUR JPY is facing the triangle's support 6/12/2012
Economies.com
2012-12-06 08:16AM UTC
The pair settled below the mentioned top in our previous report to confront a sideways range support for an ascending triangle as shown in the image around 107.45.
In general, the bullish bias remains effecting the pair, but we must be aware that breaking the triangle support level makes the price settles in a correctional bearish trend reaching to 105.80
We recommend you to stay aside until breaching above 108.00
Expected trading range is between 107.40 and 109.70, and if the support was broken, the range will be 105.80 and 108.00
Expected trend is Neutral
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