Now EUR/JPY has a good uptrend as long it do not touch the EMA 100 (green) it still has a good and steady trend; for today, this pair will test the dynamic support at the EMA 34 (blue), if this level can hold the down movement from this currency, then this currency will continue the uptrend.
RECOMMENDATION:
BUY Stop (Pending Order) at 130.51.
Stop Loss at 130.41.
Take Profit at 130.65.
Alternative:
SELL Stop (Pending Order) at 129.99.
Stop Loss at 130.09.
Take Profit at 129.85.
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
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.
