USD JPY tests the key levels 24/04/2013
Economies.com
2013-04-24 05:27AM UTC
The pair found a strong support at the EMA50 at 98.60, and bounced higher to test the previously recorded top – at 99.93 -, but it still below it.
Therefore, our neutrality remains valid, waiting for surpassing one of the above mentioned levels, and then confirming the next trend towards the suggested targets which were explained in our report that issued yesterday.
Expected trading range for today is between 98.00 support and 101.00 resistance.
Expected trend for today: Neutral
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