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02.09.2013 05:53 PM
EUR/JPY technical analysis for September 01, 2013

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Even EUR/JPY already has a Bearish movement, but since the US markets were closed yesterday this pair has a retracement to the upsides until today. However, please pay attention to the 130.25; if this level can be breached, it has a chance to break the previous downside movement.

RECOMMENDATION:

SELL Stop (Pending Order) is at 129.74.

Take Profit is at 129.60.

Stop Loss is at 129.84.

Alternative:

BUY Stop (Pending Order) is at 130.26.

Take Profit is at 130.40.

Stop Loss is at 130.16.

 

 

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

http://ifxbuy.com

Email: Arief.jakarta@indo.instaforex.com

Yahoo Messenger and Skype: Arief.ifx_jakarta

blog.mt5.com/arief

http://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.

 

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