EUR JPY settles in sideways range 22/1/2013
Economies.com
2013-01-22 07:21AM UTC
The pair settles below 120.00 to keep the trading in sideways range during the near period if the support level held at 118.00.
In general, the trading remains positive if 50% Fibonacci settled at 116.50, supported by the moving average as shown in the enclosed chart, and that makes us expect reaching 120.00 and extends to hit 121.80.
Expected trading range is between 118.00 and 121.80
Expected trend: bullish.
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