Today, EUR/JPY is still in the downside situation; it was indicated by that all the three moving averages have still formed the "Death Cross Pattern" but now this currency is held by the EMA 34 as its dynamic resistance.
RECOMMENDATION:
SELL Stop (Pending Order) at 128.49.
Stop Loss at 128.59.
Take Profit at 128.35.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : [email protected]
Yahoo Messenger & Skype : Arief.ifx_jakarta
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_aw...le/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.
The material has been provided by InstaForex Company - www.instaforex.com
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