EUR JPY returns to the support line 13/11/2012

Economies.com
2012-11-13 08:59AM UTC

The price attempted positively yesterday to go further away from the support line to find the moving average as an obstacle at 101.15, to witness some decline again reaching the 100.35 support level.

 

Cautious required in case the price managed to break that support level, and this will lead us to expect reaching 98.80 then 97.50, and Stochastic steadiness in the oversold areas supports this overview.

 

Therefore, we recommend staying aside at the moment.

 

 

Expected trading range for today is between: 98.80 support and 101.30 resistance.

 

Expected trend for today: Neutral

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