empty
 
 
23.01.2013 06:38 PM
EUR/JPY fractal 118.45 - for January 23, 2013 (daily strategy)

The EUR/JPY pair has a very strong bullish trend but it could not hold the level above 1.20. If the Japanese yen exceeds the level of 90, this pair may try to negotiate again above 120 yen per euro, psychological level. But if you look at the chart, the pair has broken the fractal 118.45, so the recommendation is that you can sell below this fractal level with a very tight stop loss at 119. Although we know that this pair will continue rising for a long term. It is more likely that the pair will take a break until the next fractal 113.59. We must be cautious as this pair is very volatile, beware of leverage. On the other hand, if your strategy is to buy, it is recommended to buy at the weekly supports.

This image is no longer relevant

If you need personal consultation, contact me via e-mail: [email protected]

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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

Recommended Stories

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