FX.co ★ EUR/JPY technical analysis for August 21, 2013

Even the Bullish movement in all pairs with EUR has still dominated in the market baseв on the rumors ECB wants to raise up its rate, and the Yen self has get a pressure because the lack of some fundamental data but now the EUR/JPY still moving in a ranging situation between the 129.25 to 131.00, maybe this happen because the market participant waiting the FOMC meeting minutes in a few day again.

RECOMMENDATION:

BUY Stop (Pending Order) at 130.76.

Take Profit at 130.90.

Stop Loss at 130.66.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex 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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