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USD JPY shows negative bias 05/03/2013
The pair begins today’s trading with slight bearish bias approaching from EMA50 which is located in the middle of the sideways range that appears in the image, and surpassing 92.90 will force the price to visit the support of this range at 92.20
In general, the sideways range will remain the dominant until surpassing one of its lines which are represented by 92.20 support and 94.20 resistance, and more details is detected in our yesterday report.
Expected trading range for today is between 92.00 support and 94.44 resistance.
Expected trend for today: Sideways
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GBP USD heads to retest 05/03/2013
The pair provides bullish bias within today’s opening, to approach from the retest level 1.5190 which represents the main factor for our negative expectations.
MoreEUR USD remains consolidated 05/03/2013
The pair kept the stability above the critical support levels that mentioned yesterday which appears in the above image , to keep the chances for achieving the preferred bullish bias in our recent reports valid, where we are waiting for testing initially 1.3145, and the upside track might extend to visit 1.3215
MoreMidday update for NZD USD 04/03/2013
The pair hit 0.8200 and provides some slight positive bias now, while our preferred bearish trend expectations continue for today, which mainly depend on breaking below the main bullish channel’s support that appears in the image.
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