empty
 
 
07.09.2017 04:08 AM
EUR/JPY profit target reached, prepare to sell

The price has shot up and reached our profit target really nicely. We prepare to sell below major resistance at 130.04 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 129.13 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance below 91% and we expect a strong corresponding reaction off that level.

Sell below 130.04. Stop loss is at 130.72. Take profit is at 129.13.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In April we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback