Yen was the biggest gainer surpassing the USD as the major recipient of safe haven flows. Japanese Consumer Confidence hit 26.
Technical Outlook:
R1: 90.80 S1:89.30
R2: 91.10 S2:89.20
yen chart pattern indicates the currency to remain on a bull note for the day. Trading range for the day is expected between 89.40 - 90.60 levels . Stochastic is trending up hinting towards a bullish correction and the currency is seen trading on the moving averages giving bullish crossovers .
R1: 90.80 S1:89.30
R2: 91.10 S2:89.20
yen chart pattern indicates the currency to remain on a bull note for the day. Trading range for the day is expected between 89.40 - 90.60 levels . Stochastic is trending up hinting towards a bullish correction and the currency is seen trading on the moving averages giving bullish crossovers .
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