USD JPY records lower high 23/04/2013
Economies.com
2013-04-23 05:23AM UTC
The pair couldn’t surpass the previously recorded top at 99.93, where the trading bounced lower from 99.87, providing signals for recording a potential lower top that might assist in turning the price track towards the downside on the short term basis.
Therefore, we need to stay aside temporarily to monitor the price behavior according to the critical levels between 98.45 support, which breaking below it represents the key for heading initially towards 95.80, and 99.93 resistance.
Expected trading range for today is between 97.40 support and 100.00 resistance.
Expected trend for today: Neutral
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