EUR JPY is below the resistance 23/5/2013
Economies.com
2013-05-23 08:41AM UTC
The pair achieved 133.80 yesterday achieving the suggested target around 133.20 to settle below 38.2% Fibonacci to notice the price affection by strong bullish wave that settles through it around the initial support level 130.90
The correctional bearish bias effect continues to record 130.90, as breaking this level will allow the price gain new negative momentum to achieve 130.35 then 129.30, we notice that Stochastic sharp decline from the overbought level towards 20 level supporting the bearish overview for today’s trading.
Expected trading range between 132.00 and 129.30
Expected trend for today: bearish
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