EUR/JPY technical analysis for August 19, 2013

Today, as we look at charts, the EUR/JPY already making Triangle charts pattern, which indicating volatility on this currency pair that is already decreasing, this condition has already confirmed by all the three Moving Averages, which are forming narrow conditions.

RECOMMENDATION:

SELL Stop (Pending Order) at 129.74.

Take Profit at 129.60.

Stop Loss at 129.84.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group

http://instaforex.com

Email : Arief.jakarta@indo.instaforex.com

Yahoo Messenger & Skype: Arief.ifx_jakarta

blog.mt5.com/arief

http://www.mt5.com/forex_analysis_award/profile/index/arief

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