empty
 
 
08.04.2013 01:27 PM
EurJpy prints fresh highs. Book max profits now at 128.30

This image is no longer relevant

Technical outlook and chart setups:

As seen on the Daily chart view presented here, the single currency pair has managed to take off resistances at 127.00 and 127.90 and printed fresh highs around 128.50. It is recommended to take profits now (128.30) and remain flat for now. Looking into the wave structure here, 119.00 level is now immediate strong support, and this rally still has potential to extend towards at least 130.00. Higher levels are 131.00 and 132.00 from here on. Fresh buying opportunities are on dips towards 127.00 but it is too early to judge that. It is suggested to keep watching on daily chart for 1-2 days before a clear buy opportunity appears again. Bottom line: Remain flat till meaningful dips provide fresh opportunities.

Trading recommendations:

Book profits on long positions taken earlier. Remain flat for now.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback