The uptrend from the EUR/JPY pair is already slower. It is indicated by this currency already hit and breached bellow the EMA 100 (Green). It seems 132.00 is already a strong resistance for now. Please pay attention for 130.75 level, if this level can be breached down by this currency, this will indicate the reversal way from this currency.
RECOMMENDATION:
BUY Stop (Pending Order) is at 131.51.
Take Profit is at 131.65.
Stop Loss is at 131.41.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email: Arief.jakarta@indo.instaforex.com
Yahoo Messenger and Skype: Arief.ifx_jakarta
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_award/profile/index/arief
Disclaimer:
Trading 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.
