The EUR/JPY pair is still in the downside movement, this already is indicated by all the three moving averages which are still making a formation called "The Death Cross" pattern. For today it seems this currency has already tested its dynamic resistance EMA 34 (blue); as long as it has not touched and/or penetrated the dynamic resistance EMA 100 (green), the downside movement still continues.
RECOMMENDATION:
SELL Stop (Pending Order) is at 129.74.
Take Profit is at 129.60.
Stop Loss is at 129.84.
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
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