USD JPY provides more negative pressure 28/11/2012

2012-11-28 05:30:10 GMT (Economies.com)
 

The pair begins today’s trading with more bearish pressure to be trading below 82.00, where Stochastic negativity still effects the intraday trading, while we still continuing in our expectation of moving higher as long as the trading remains above 81.45

 

We must be aware that breaching the mentioned level will open the way for retesting levels between 80.70-80.60 which represents the breached neckline for the positive technical pattern shown in the image. 

 

Expected trading range for today is between: 81.45 support and 83.00 resistance.

 

Expected trend for this week: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2158
-0.0015
0.1208%
1.4156
0.0020
0.1447%
Tadawul
10322.68
86.96
0.85%
27.567
-0.237
0.854%
65.421
0.029
0.044%
68.54
0.21
0.31%
1835.285
-8.940
0.485%
 
 
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