USD/JPY Daily Forecast April 13, 2011
Daily forecast
USD/JPY is currently trading between 5-day moving averages and 20-day moving averages and between 83.59 and 84.21. Maybe these two levels can be tested today by these pairs, but if we look at the daily charts, the value will continue to decline. Therefore, we expect the pair to test today at 83.59 and the 3-day low at 83.48. On the other hand, if these pairs break the resistance at 84.21 today, USD/JPY will test 84.50 as the first target and 84.71 as the second target.
Arif Makmur, analyst
InstaForex Business Group © 2007-2011
April 13, 2011 Euro/Dollar Forecast
Daily forecast
The pair will have the opportunity to trade side by side on April 8, 2011, as it closes between the high and the low. Euro/USD stands at 1.4437 and was trading yesterday between 1.4518, breaking yesterday's high, the pair will test next resistance at 1.4550; However, as the stocks are in the “Buy More” zone, the pair may correct or drop to 1.4422 and 1.4378 as the primary target if they break 1.4434. The second goal.
Arif Makmur, Analyst
InstaForex Business Group © 2007-2011
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