EUR JPY is negative 1/4/2013
Economies.com
2013-04-01 07:47AM UTC
The pair settles recently around 120.00 level, attempting to break this level to reach the waited targets in our previous report, and we notice several failed attempts recently to break this level, which keeps the bearish bias dominant on trading as long as 121.35 remained intact.
Carefully note that breaking below 120.00 will push the price towards the moving average 55 around 118.20 followed by 117.30, and we notice stochastic stability around 20 level, which supports the negative overview for the near term trading.
Expected trading range is between 121.00 and 118.20
Expected trend for today: Bearish
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