empty
 
 
23.09.2013 03:15 PM
EurJpy may print another high. Stay long for now and reduce risk

This image is no longer relevant

Technical outlook and chart setups:

The single currency pair finally prints fresh highs close to 135.00 level last week, as expected. It is recommended to remain long, and reduce risk to 131.50 level. At the moment, the prices are finding support just ahead of the past resistance turned support region around 133.20/30 (horizontal line). It remains likely that further rally would see the prices hitting fresh highs, before a possible reversal. Resistance intermediary is at 134.70/80 region, while support is at 133.20/30 region, followed by 131.75 respectively. Overall structure still remains constructive for the bulls, look higher levels from here on. On the flip side, a break below the initial support of 131.70/75 would change out trading strategy.

Trading recommendations:

Remain long, stop is at 131.50, target fresh high.

Good luck!

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $10000 mais!
    Em Janeiro nós sorteamos $10000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback