FX.co ★ EUR/JPY technical analysis for June 17, 2013

With all the three Moving Average making a death cross pattern formation, the market is still in downtrend pressure. It seems the seller will get more advantage than the buyers as long as 126.25 is not breached, the downside pressure still continues.

RECOMMENDATION:

SELL Stop (Pending Order) at 125.99.

Take Profit at 125.85.

Stop Loss at 126.09.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

Email: Arief.jakarta@indo.instaforex.com

Yahoo Messenger and Skype: Arief.ifx_jakarta

blog.mt5.com/arief

https://www.mt5.com/forex_analysis_award/profile/index/arief

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