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USD JPY at the sideways range resistance 07/03/2013
The pair’s trading bounced higher after finding a good support at the EMA50, where it moves now at the sideways range’s resistance.
We remain inside the sideways range that is appears between 94.44 and 92.20, thus some bearish bias might be preferred on the current levels, specially that Stochastic shows clear overbought signals.
Expected trading range for today is between 92.20 support and 95.00 resistance.
Expected trend for today: Sideways
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GBP USD attacks the psychological barrier 07/03/2013
The pair opened today’s trading with a strong bearish bias to start now the attempts to break below the psychological barrier 1.5000, which represents the initial target for the recent reports.
MoreEUR USD breaks the critical support 07/03/2013
The pair pushed negatively yesterday to achieve a break below 1.2990 and settled with a daily close below it, this break represents a strong negative signal that might push the price to visit levels begin at 1.2710, but we prefer staying aside for today in order to monitor another daily candle stick close below the mentioned level and followed by confirming the continuation of the downside track, where Stochastic shows clear oversold signals that might assist in the attempt to turn the price back to the negativity.
MoreMidday update for NZD USD 06/03/2013
The pair is heading to the downside in attempt to retest the minor channel’s resistance that was previously breached, which meets EMA50, to add more support for this level.
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