empty
 
 
14.06.2013 11:45 AM
EurJpy hits 125.00 and pulls back. 123.00 in sight now

This image is no longer relevant


Technical outlook and chart setups:

The single currency pair is offering yet another opportunity to initiate short positions. The pair hit the first measured extension at 125.00 level yesterday and retraced back to 128.00 level. The next extension could be towards 123.00 level or even lower. Immediate chart resistance is 129.50, followed by 131.00, 132.00, and 134.00 on the higher side, while support is at 124.80 level, followed by 119.00 on the downside. It is hence recommended to remain short and also add on rallies towards 128.00 level. The structure may be unfolding in 5 waves towards 123.00; if that is the case, the pair would end significantly lower from current levels. Looking lower from here on.

Trading recommendations:

Remain short, stop is above 129.50, and target is at 123.00.

Good luck!

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $5000 more!
    In November we raffle $5000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback