EUR JPY recovers the positive momentum 17/4/2013
Economies.com
2013-04-17 08:35AM UTC
The pair provided positive closing around 129.35 to recover the positive momentum again after suffering sharply decline recently, and we can notice the trading restriction again between 131.30 resistance and 50% Fibonacci level around 126.50, thus, we will keep the neutral attitude for today until getting clearer overview to detect the true trend.
Stochastic attempts to breach 50 level to provide positive momentum again, but it contradicts with the trading stability below the resistance, which argues us to take cautious for trading today.
Expected trading range is between 130.40 and 127.30
Expected trend for today: Neutral
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