empty
 
 
25.10.2012 10:56 AM
EurJpy May Spike To 104.70 Levels Before Pulling Back

This image is no longer relevant

Technical Outlook and Chart Setups:

As it was depicted above, the short-term support at 103.00 was broken yesterday. It is quite possible that the single currency pair rallies through the resistance area around 104.20/30; then a pullback occurs. On the other hand, a possibility still remains for a rally through 104.75 region before a meaningful reversal materializes. Either way, it is recommended to look for selling opportunities. Intermediary support is placed at 101.75, followed by 101.00 and 100.00 respectively. Resistance is placed at 104.50/60 at the moment.

Trade Recommendations:

Look for selling opportunities around 104.20/30 or 104.70 region, stop at 105.50. Target at least 102.00.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback