USD JPY had to bounce 23/11/2012

The pair’s trading bounced lower from the main target levels at 82.35, where the price achieved some bearishness affected by Stochastic negativity.

In general, the bullish trend still valid on the intraday and short term basis, and the main targets at 83.45 followed by 84.10, taking into consideration that breaking 81.45 will decrease the chances of continuing this bullishness and leads to potential return to the previous bearish trend.

Expected trading range for today is between: 82.00 support and 83.45 resistance.

Expected trend for today: Bullish