empty
 
 
30.07.2012 10:31 AM
EurJpy May Extend Rally Upto 98.00 Levels. Book Partial Profits For Long Positions Taken Earlier...

This image is no longer relevant

 

 

Technical Outlook and Chart Setups:
4 hour chart view is presented above for reference. The minimum expectations of 97.00 level being discussed last week have been met and are depicted above. The charts are looking stretched at the moment but we still cannot rule out the possibility of 98.00 level before a reversal. It is recommended to book profits on at least 50% of long positions taken last week. Bulls may target 98.00 level, also the 0.618% retracement level, before giving up.
Trading Recommendations:
Book at least 50% of profits taken on long positions last week. Target 98.00, stop below 95.50.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback