USD JPY fluctuates 17/05/2013
Economies.com
2013-05-17 04:02AM UTC
The pair fluctuates in sideways range since touching the upside channel’s resistance that appears in the image, and as we mentioned yesterday, the rules of trading inside the price channels hint to a waited bearish bounce that targets 101.10 initially, while breaking this level will lead to 99.50
Breaching above 102.90 will push the price to resume the short term bullish trend.
Expected trading range for today is between 101.00 support and 102.90 resistance.
Expected trend for today: Bearish
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