Currencies  |  March 08, 2013 06:43:13

Crown steeply rising and attacking the February highs


Czech crown and the Japanese yen currency pair forms, which certainly does not suffer from a lack of volatility.
Pair CZK / JPY since the beginning of the year in his side band between 4,850 and 5,000 levels. It broke through the end of February the price down to 4650 and now its way back to the highs, which early acquired for themselves.

Today's Asian session ended with a flurry macrodata great success for Japosko, but also China. For Asian destinations are reports like the local branch of the economy started again, and the crisis has been forgotten.
By the end of trading last week has left a few hours and it is possible that now we will see a small correction and recovery of at least part of the profits, which would have slowed a strong bearish trend.Because the course has got a pair of S / R 4850 level, it is unlikely that there would be a re breakdown below this level.

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