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FX.co ★ EUR/JPY technical analysis for August 19, 2013

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Forex Analysis:::2013-08-19T05:27:41

EUR/JPY technical analysis for August 19, 2013

EUR/JPY technical analysis for August 19, 2013

Today, as we look at charts, the EUR/JPY already making Triangle charts pattern, which indicating volatility on this currency pair that is already decreasing, this condition has already confirmed by all the three Moving Averages, which are forming narrow conditions.

RECOMMENDATION:

SELL Stop (Pending Order) at 129.74.

Take Profit at 129.60.

Stop Loss at 129.84.

Best regards,

Arief Makmur

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.

Analyst InstaForex
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