FX.co ★ EUR/JPY technical analysis for June 20, 2013

For today, EUR/JPY seems to have a little sign of weakness even though the situation is still in the uptrend, which is indicated by all the three Moving Averages still forming the Golden Cross pattern, but unfortunately this currency pair has already retraced and touched the Exponential Moving Average (100). We know this will be the sign of the weakness from the uptrend in this currency, so pay attention to any reversal movements to test their previous support.

RECOMMENDATION:

Buy stop (pending order) at 128.51.

Take profit at 128.65.

Stop loss at 128.41.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group

https://instaforex.com

Email: Arief.jakarta@indo.instaforex.com

Yahoo Messenger & Skype: Arief.ifx_jakarta

blog.mt5.com/arief

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

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