EUR/JPY is now in a ranging situation between the 128.25-130.25;
this situation was caused by yesterday's signal from Mr Bernanke
for continuation of the U.S. economic stimulus until mid-2014; but
when this stimulus will be stopped there's no clue, because they
will not stop it until they get confirmation with all the economic
data. This issue made the market confused, and this situation
makes the market ranging, at least temporarily.
RECOMMENDATION:
Buy stop (pending order) at 130.26.
Take profit at 130.40.
Stop loss at 130.16.
Alternative:
Sell stop (pending order) at 129.99.
Take profit at 129.85.
Stop loss at 130.09.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email: Arief.jakarta@indo.instaforex.
Yahoo Messenger & Skype: Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_
