USD JPY gains some momentum 14/05/2013

Economies.com
2013-05-14 05:23AM UTC

The pair fluctuates in sideways range since yesterday, attempting to get some positive momentum as appears in the four hours chart, where Stochastic is approaching from the oversold areas.

 

In general, we still prefer the intraday bullish trend, and the main target is located at 102.60, while breaking below 101.35 will force the price to achieve some temporarily bearish correction.

 

Expected trading range for today is between 100.95 support and 103.00 resistance.

 

Expected trend for today: Bullish

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