FX.co ★ EUR/JPY technical analysis for July 30, 2013

The EUR/JPY pair is still in the downside movement, this already is indicated by all the three moving averages which are still making a formation called "The Death Cross" pattern. For today it seems this currency has already tested its dynamic resistance EMA 34 (blue); as long as it has not touched and/or penetrated the dynamic resistance EMA 100 (green), the downside movement still continues.

RECOMMENDATION:

SELL Stop (Pending Order) is at 129.74.

Take Profit is at 129.60.

Stop Loss is at 129.84.

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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