USD JPY finds good support 24/01/2013
Economies.com
2013-01-24 05:47AM UTC
The pair found a good support at 88.00 forced it to bounce higher as appears in the above chart, but holding below 89.00 will keep the chances of retesting 87.50 valid.
Therefore, the bearish bias will remain preferred for today, with being aware that breaching 89.00 will open the way for heading to test the most sensitive resistance for the short and medium term trend at 90.40.
Expected trading range for today is between: 87.50 support and 89.50 resistance.
Expected trend for today: Bearish
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