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Midday update for GBP USD 06/03/2013
The pair bounced lower according to our expectations, where the price remains below 1.5190, to approach from the initial target at 1.5000
Stochastic loses its bullish momentum gradually to add more support for the suggested bearish bias.
Expected trading range for today is between: 1.4900 support and 1.5235 resistance.
Expected trend for today: Bearish
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Midday update for EUR USD 06/03/2013
The pair shows some bearish bias affected by the critical resistance that mentioned this morning at 1.3075, and might be forced to lean on the psychological barrier 1.3000
MoreEUR JPY settles at the support 6/3/2013
The pair settles in tight range above the support level to keep the positive trading until this moment, we remain in our positive expectation to achieve 122.60 followed by 123.70 conditioned by the support level 121.00.
MoreGBP JPY moves calmly 6/3/2013
The pair continued in its bullish bias to settle around 141.10 calmly without achieving the suggested targets at 142.20, and by the chart we notice the stability of the price within the bullish channel, therefore we remain in our previous expectation to reach 142.20 if the channel’s support level settled at 140.40 today.
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