USD JPY is calm 02/05/2013

Economies.com
2013-05-02 05:58AM UTC

 

The pair trades in sideways range approaching gradually from the bullish channel’s support which rise now to 96.75, and the price is now between the positivity of the trading near the mentioned support and negative pressure which comes from EMA50, which makes monitoring the price when according to 96.75 and 98.10 is required, which will provide keys for the next intraday and short term trend.

 

Expected trading range for today is between 96.00 support and 98.25 resistance.

 

Expected trend for today: depends on the abovementioned levels

 

 

 

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