FX.co ★ EUR/JPY technical analysis for September 01, 2013

Even EUR/JPY already has a Bearish movement, but since the US markets were closed yesterday this pair has a retracement to the upsides until today. However, please pay attention to the 130.25; if this level can be breached, it has a chance to break the previous downside movement.

RECOMMENDATION:

SELL Stop (Pending Order) is at 129.74.

Take Profit is at 129.60.

Stop Loss is at 129.84.

Alternative:

BUY Stop (Pending Order) is at 130.26.

Take Profit is at 130.40.

Stop Loss is at 130.16.

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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