FX.co ★ EUR/JPY technical analysis for August 13, 2013

Today, in the 60 minutes charts the EUR/JPY has already traded above the EMA 100 (green), even the EMA 14 (red) position is above the EMA 34 (blue) but both of this EMA still in the bellow EMA 100; this means the EUR/JPY have a reversal momentum to the upside but still have a potential downside pressure.

RECOMMENDATION :

BUY Stop (Pending Order) at 129.51.

Stop Loss at 129.41.

Take Profit at 129.65.

Alternative:

SELL Stop (Pending Order) at 129.24.

Stop Loss at 129.34.

Take Profit at 129.10.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies 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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