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USD JPY at the moving average 06/03/2013
The pair stands now at the EMA50, which acts as support at 93.00, where breaking below this level will push the price towards the sideways range support at 92.20
In general, the sideways trading range will stay valid on the intraday basis, and breaking below the sideways range support line will carry the price towards 90.30, while breaching above its resistance at 94.44 will motivate the price to resume the bullish trend on the short term basis.
Expected trading range for today is between 92.00 support and 94.44 resistance.
Expected trend for today: Sideways
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GBP USD negotiates the retest level 06/03/2013
The pair remains stable below 1.5190, and this is the main factor that makes us continue in our bearish trend expectation on the short term basis, but we warn you that the last fluctuation near this level might draw a positive technical formation that has the ability to turn the price back to the previously broken bullish trend.
MoreEUR USD crawls to the upside 06/03/2013
The pair continues in its slight positive attempts, noting that the recorded top of yesterday’s trading at 1.3075 represents the key for the price rally towards more upside track, therefore breaching above this level will ease achieving the targets that we are waiting to begin at 1.3145 followed by 1.3215
MoreMidday update for NZD USD 05/03/2013
The pair fluctuates around the morning mentioned resistance levels, and the price finds solid resistance by EMA50 and Stochastic.
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