USD JPY under negative pressure 09/01/2013
Economies.com
2013-01-09 04:43AM UTC
The pair continued to push negatively to settle below 87.50, and this factor forces us to stop aside temporarily, as there’s a possible chance to return to the main downside trend after an upside correction trip shown in the image.
Therefore, we need to monitor the price behavior and the daily close according to the 87.50 resistance and 86.70 support to get clearer signals.
Expected trading range for today is between: 86.00 support and 88.00 resistance.
Expected trend for today: Neutral
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