USD JPY resumes the negative pressure 13/11/2012

Economies.com
2012-11-13 05:30AM UTC

The pair begins today's trading with a bearish bias approaching from EMA50 which is forming a support barrier currently at 79.15, which we are waiting to be breach so the way will be open for getting back to the bearish trend.

 

Stochastic offers positive signals might slow down the bearishness, that makes us prefer continuing neutral until we get a confirmed breach for the mentioned level and then confirming the expected bearish bias.

 

 Expected trading range for today is between: 78.00 support and 80.70 resistance.

 Expected trend for today is neutral.

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