empty
 
 
13.05.2013 01:32 PM
EurJpy breaks out above 131.00. Flat for now

This image is no longer relevant

Technical outlook and chart setups:

The single currency pair broke higher of the pennant formation and registered fresh highs towards 132.00 level last week. After having stopped out of short positions, it is recommended to remain flat for now. Further up possible resistance levels are at 132.00 and 131.00 level as shown here. A failure at 132.00 level could enable the price reversal. A breakout of pennant formation also suggests that prices could extend further up to 132.00 level in the coming sessions. It is therefore recommended to change trade strategy to Buying On Dips towards 131.00 level from mere on. Immediate support is at 131.00 (past resistance, being future support), followed by 128.00, 127.00, and 125.00.

Trading recommendations:

Flat for now. Looking to buy supports towards 131.00 for now.

Good luck!

Ringkasan
Urgensi
Analitik
InstaForex Analyst
Mulai berdagang
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback