USD JPY settles higher 03/01/2013

Economies.com
2013-01-03 05:42AM UTC

The pair’s trading settled above 87.00, and fluctuates quietly now, while the bullish trend expectations remain valid, and the first main target is testing the strength of 87.50

 

Note that breaching above the mentioned level will lead to a direct rising towards 90.00 – 90.50, while breaking below 85.65 will turn the price back to decline again.

 

Expected trading range for today is between: 86.00 support and 88.50 resistance.

 

Expected trend for today: Bullish

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