USD JPY below the moving average 20/03/2013
Economies.com
2013-03-20 05:43AM UTC
The pair’s trading settles below the EMA50, which reinforce our yesterday suggested bearish trend expectations, and the first target is represented by attempting to break below 94.45 followed by heading towards 92.75
Stochastic positivity might cause some sideways fluctuation before attempting to resume its decline which remains valid unless 95.65 was breached to the upside.
Expected trading range for today is between 94.00 support and 95.65 resistance.
Expected trend for today: Bearish
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