USD JPY needs some decline 20/12/2012

Economies.com
2012-12-20 05:59AM UTC

The pair begins today’s trading with some moves to the downside to retest 84.20, while a daily close was achieved yesterday above this level, to keep the preferred bullish trend scenario in our last reports efficiently, and the first target is represented by testing the strength of 85.25

 

Note that breaking below 82.90 will turn the intraday trend to the south to visit 80.10

 

Expected trading range for today is between: 83.45 support and 85.50 resistance.

 

Expected trend for today: Bullish

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