USD JPY begins with more negativity 16/01/2013
Economies.com
2013-01-16 05:54AM UTC
The pair begins today’s trading negatively, in spite of yesterday’s close above 88.40, where the price is trading below it now, that provides initial signals for the probability of continuing the bearish bias to retest 87.55.
Now, we need to stay aside temporarily to be certain from the price behavior according to the critical levels between 87.55 support and 88.40, and surpassing one of them will offer clearer signals for the upcoming trend.
Expected trading range for today is between: 87.55 support and 89.50 resistance.
Expected trend for today: Neutral
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