The solid support stops the USD JPY 25/03/2013
Economies.com
2013-03-25 05:24AM UTC
The pair made several attempts to break below 94.45 but it failed to settle below this level, which led the price to fluctuate around EMA50, and attempts to draw a double bottom pattern that might push it directly to visit 95.65
Until now, the neutrality remains required, until managing to surpass one of the aforementioned levels and then providing clearer signals for the upcoming trend.
Expected trading range for today is between 93.70 support and 96.00 resistance.
Expected trend for today: Neutral
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