EUR JPY respects the support barrier 12/11/2012
Economies.com
2012-11-12 08:45AM UTC
The price reached the waited target around the retest level of 100.35, to bounce away from the mentioned level after the testing process.
We notice that the price is fluctuating around the moving average, that creates a block against the attempts of the upside trend, so a breach to the moving average is required to reach 102.60 level that forms a retest for the broken channel.
Stochastic touches the oversold areas while still above the 20 level.
Expected trading range for today is between: 100.80 support and 102.60 resistance.
Expected trend for today: Bullish
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