Today, in the 60 minutes charts the EUR/JPY has already traded above the EMA 100 (green), even the EMA 14 (red) position is above the EMA 34 (blue) but both of this EMA still in the bellow EMA 100; this means the EUR/JPY have a reversal momentum to the upside but still have a potential downside pressure.
RECOMMENDATION :
BUY Stop (Pending Order) at 129.51.
Stop Loss at 129.41.
Take Profit at 129.65.
Alternative:
SELL Stop (Pending Order) at 129.24.
Stop Loss at 129.34.
Take Profit at 129.10.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies 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
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