USD JPY approaches the target 15/04/2013
Economies.com
2013-04-15 05:33AM UTC
The pair managed to achieve the expected bearish bias reaching now towards the EMA50 which acts as support at 97.90, and the price might witness an upside rebound from the current levels due to the effect of Stochastic positivity.
Therefore, we need to stay aside temporarily, in order to monitor the price behavior according to the mentioned level, where breaking it will open the way for more downside track towards 96.65 and might extend to reach 95.20, while its steadiness will lead the price to resume its general bullish track.
Expected trading range for today is between 96.65 support and 100.00 resistance.
Expected trend for today: Neutral
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