USD JPY touches the target 16/05/2013

Economies.com
2013-05-16 05:32AM UTC

The pair touched the bullish channel’s resistance which represents our main target in our last reports, bouncing lower normally now, which makes us suggest witnessing negative trading for today, targeting testing support levels begin at 100.80

 

Stochastic heads to the downside to support the expected decline, which remains valid unless breaching above 102.75

 

Expected trading range for today is between 100.80 support and 102.75 resistance.

 

Expected trend for today: Bearish

 

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