USD JPY begins the breaking attempts 12/11/2012

Economies.com
2012-11-12 06:08AM UTC

The pair attempted to breach 79.40, but it found a strong support at the EMA50 at 79.15, which forces the price for bouncing to the upside now.

 

Until now, getting clearer signals for the trend is needed, and this depends on breaching one of these critical levels between 79.15 support and 80.70 resistance.

 

Expected trading range for this week is between: 77.65 support and 81.70 resistance.

 

Expected trend for this week: Depends on the aforementioned levels

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