empty
 
 
07.08.2012 10:12 AM
EurJpy Sideways Action Should Breakout Higher Soon..

This image is no longer relevant

 

 

Technical Outlook and Chart Setup:
Last two sessions remained sideways, but upside breakouts are expected at anytime. We recommend to keep afloat the long positions taken earlier for the measured extension level of 98.50 and above. 4th waves are normally of tricky and choppy nature. Prepare exit strategy between 98.00 and 98.50. Those, wanting to take fresh long positions, should be buying intraday dips though the reward ratio wouldn’t be optimum. Support is just below 96.00 now while upside resistance comes in above 98.00. Hold on to long positions for now.
Trading Recommendations:
No change, stick to long positions, exit between 98.00 and 98.50.

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 $10000 more!
    In January we raffle $10000 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