empty
 
 
24.09.2012 10:38 AM
EurJpy Targetting 100.00 Levels and Lower

This image is no longer relevant

 

Technical Outlook and Chart Setups:

A daily setup has been presented here for a larger trend view. Prices have been retracing after hitting close to 104.00 level last week and the Fibonacci support begins from 100.13 level as depicted above. Please, also consider that the support trend line, passing through the lows since 94.00 levels, is hitting 99.00 levels at the moment. Therefore, it is quite possible that the single currency pair maybe heading towards 98.00-99.00 levels on a break of 100.20 level. Bearish pressure remains for now. Temporary resistance comes in above 102.00 level.

Trading Recommendations:

Remain short for now, targeting 100.00 and lower. Stop at 102.50.

 

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