Yesterday at last the strong resistance at 132.00 was breached. This indicated uptrend in this currency gets slower because it has already touched the EMA 100 (green). For today the EUR/JPY pair will try to test its previous yesterday’s high at 132.70.
RECOMMENDATION:
BUY Stop (Pending Order) is at 132.26.
Take Profit is at 132.40.
Stop Loss is at 132.16.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email: Arief.jakarta@indo.instaforex.com
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Disclaimer:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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Performed by Arief Makmur, Analytical expert InstaForex Group © 2007-2013 |
EUR/JPY technical analysis for July 25, 2013
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