FX.co ★ EUR/JPY technical analysis for August 16, 2013

For today, the EUR/JPY seems entering the ranging situation between 129.50 to 130.50, this situation has been already confirmed to by the EMA 14 (red) position below the EMA 34 (blue) and above the EMA 100 (green)

RECOMMENDATION:

BUY Stop (Pending Order) at 130.26.

Stop Loss at 130.16.

Take Profit at 130.40.

Alternative:

SELL Stop (Pending Order) at 129.99

Stop Loss at 130.09.

Take Profit at 129.85.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Companies Group

https://instaforex.com

Email : Arief.jakarta@indo.instaforex.com

Yahoo Messenger & Skype : Arief.ifx_jakarta

blog.mt5.com/arief

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

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