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EUR JPY is in sideways range 7/3/2013
The pair moves in sideways range recently to keep its stability above the support level 121.00, to keep our positive expectation during the near period to reach 122.40 which breaching it will make the waited target around 123.45
If the price couldn’t breach above 122.40 which represents the moving average 55, the sideways range will return attempting to achieve the main support around 119.55, accordingly we recommend you to stay aside in today’s trading until getting clearer image.
Expected trading range is between 121.00 and 123.45
Expected trend: neutrality is recommended
Thanks for your feedback.
GBP JPY settles on the support 7/3/2013
The sideways bias effect continued on the pair’s recent trading to be limited between 141.40 and the new channel’s support, therefore we remain in our positive expectation to achieve 141.90 followed by 142.30 conditioned by the stability of the support level.
MorePlatinum is stuck below the average 7/3/2013
Platinum price remains stable above the support level 1560.00 to be trading calmly settled below the moving average 55, therefore, the positive trading remains valid but tighter until breaching above the moving average at 1620.00 to reach 1660.00
MoreCopper settles negatively 7/3/2013
Copper settles below the broken support level 4.5000 to settle around 3.4600 to keep the trading range tight, therefore we remain in our previous expectation to achieve 3.440 followed by 3.3400 if the price held below the broken level.
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