FX.co ★ EUR/JPY technical analysis for August 1, 2013

Since yesterday, EUR/JPY already made a ranging level (blue square) between the 129.50 to 130.75, and the EMA 14 (red)& 34 (blue) already crossing up but the EMA 100 (green) as the dynamic resistance can hold the upside situation from this currency, although today there is still a chance for this pair to test again 130.75.

RECOMMENDATION:

Buy stop (pending order) at 130.51.

Take proft at 130.65.

Stop loss at 130.41.

Alternative:

Sell stop (pending order) at 130.24.

Take profit @ 130.10.

Stop loss @ 130.34.

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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