Even EUR/JPY already have a Bearish movement, but since US market closed yesterday Friday this pair have a retracement to the upsides until today; however please pay attention for the 130.25; if this level can be breach, they have a chance to break the previous downside movement.
RECOMMENDATION :
SELL Stop (Pending Order) @ 129.74.
Take Profit @ 129.60.
Stop Loss @ 129.84.
Alternative :
BUY Stop (Pending Order) @ 130.26.
Take Profit @ 130.40.
Stop Loss @ 130.16.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
Yahoo Messenger & Skype : Arief.ifx_jakarta
blog.mt5.com/arief
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Disclaimer :
Trading Forex (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 September 01, 2013
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