empty
 
 
21.05.2013 01:33 PM
EurJpy forming pennant again. Breakout trades setting up

This image is no longer relevant

Technical outlook and chart setups:

The single currency pair is again trading sideways, this time a diamond pennant is forming on the top side of trading swing. As depicted here, a bullish break above resistance line would take prices higher towards 136.00; while a bearish break below support line would take prices to at least 128.00 level from here on. It is recommended to remain short from last week, but add further short positions on a breakdown. Fresh positions should be taken on a break of either direction. Resistance is at 132.50/60 and 133.00/10 while support is at 131.50/60 followed by 131.00 within the pennant formation. Bottom line: Probability of a bearish breakout remains high at the moment.

Trading recommendations:

Remain short on positions taken earlier, stop is at 133.10, and target is open. Fresh positions could be taken on a break.

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