USD JPY breaks 02/04/2013

Economies.com
2013-04-02 05:24AM UTC

The pair confirmed breaking the bullish channel support, to open the way towards achieving more of the expected bearish trend on the intraday and short term basis, and the initial main target is located at 90.95

 

EMA50 supports the expected decline, while Stochastic causes some temporary sideways fluctuation.

 

Expected trading range for today is between 90.95 support and 93.55 resistance.

 

Expected trend for today: Bearish

 

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