Japanese Yen held a tight range as positive US news was contained by lackluster equities. Movement in the crosses were mixed, driven by the majors.
TECH VIEW:
Yen chart pattern indicates the currency to be on mixed note for the day. currency has good support at 104.70 levels and has good resistance at 106.20 levels. the trading range is expected between 104.80- 105.90 levels. the momentum gives slight indication for downward correction .stochastic remains in overbought levels and expects the same of downward correction in near term.
Yen chart pattern indicates the currency to be on mixed note for the day. currency has good support at 104.70 levels and has good resistance at 106.20 levels. the trading range is expected between 104.80- 105.90 levels. the momentum gives slight indication for downward correction .stochastic remains in overbought levels and expects the same of downward correction in near term.
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