For today, EUR/JPY already found the uptrend, this is confirmed by all the three moving averages forming the Golden Cross pattern. Please pay attention to Germany's ZEW Economic Sentiment this afternoon; this news release will be give a significant impact who can make EUR/JPY continues their uptrend way or make a reversal way for this currency.
RECOMMENDATION:
Buy stop (pending order) at 130.76.
Take profit at 130.90.
Stop loss at 130.66.
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.
