If we look at the chart, all the three moving averages forming Golden
Cross pattern are still pointing to the fact that the uptrend situation is
still continuing for EUR/JPY; however, this currency pair must have a
small retracement as the element from the healthy uptrend; as long as
the retracement does not touch the 129.00 and/or the EMA 100 (green);
the uptrend situation for EUR/JPY is still in place.
RECOMMENDATION:
Buy stop (pending order) at 130.26.
Take profit at 130.40.
Stop loss at 130.16.
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_
Cross pattern are still pointing to the fact that the uptrend situation is
still continuing for EUR/JPY; however, this currency pair must have a
small retracement as the element from the healthy uptrend; as long as
the retracement does not touch the 129.00 and/or the EMA 100 (green);
the uptrend situation for EUR/JPY is still in place.
RECOMMENDATION:
Buy stop (pending order) at 130.26.
Take profit at 130.40.
Stop loss at 130.16.
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_
