USD JPY in sideways range 08/02/2013
Economies.com
2013-02-08 05:17AM UTC
The pair’s trading stopped in sideways range shown in the chart, this range is forming a positive continuation pattern that reinforces the chances of going for more bullish targets, mainly at 95.00
Therefore, the price needs to breach 94.00 to activate the positive effect of the pattern, noting that breaking below 93.25 might push the price for some intraday correctional decline.
Expected trading range for today is between 92.80 support and 95.00 resistance.
Expected trend for today: Bullish
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