For today, EUR/JPY is still in the bearish pressure, this is already indicated by all the three Moving Averages already making a Death Cross pattern, as long the candle does not touch the EMA 100 (the green ones), then the market is still in the healthy downtrend.
RECOMMENDATION:
Sell stop (pending order) at 126.99.
Take profit at 126.85.
Stop loss at 127.09.
Best regards,
Official Analyst of InstaForex Group
InstaForex Group
https://instaforex.com
Email: Arief.jakarta@indo.instaforex.com
Yahoo Messenger & Skype: Arief.ifx_jakarta
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_award/profile/index/arief
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.
