USD JPY knocks a minor top 03/12/2012

2012-12-03 05:42:56 GMT (Economies.com)
 

The pair found a good resistance at the recent recorded top near to 82.80, and surpassing this level is needed to ease the way for resuming the bullishness on the intraday and shot term basis.

 

We still suggesting the bullish trend which is supported by Stochastic and EMA50, pointing that the ideal targets for the inverted head and shoulders pattern shown at the image are located at 84.00, therefore, monitoring the price behavior when reaching this level is important because it might turn from there to the downside.

 

Expected trading range for today is between: 81.45 support and 84.50 resistance.

 

Expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
1.2168
-0.0005
0.0415%
1.4159
0.0023
0.1645%
Tadawul
10322.68
86.96
0.85%
27.532
-0.273
0.982%
65.081
-0.311
0.476%
68.32
0.02
0.03%
1835.430
-8.795
0.477%
 
 
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