empty
 
 
30.11.2012 10:27 AM
EurJpy Threatening To Break Higher. 108.00 Is Resistance

This image is no longer relevant

Technical Outlook and Chart Setups:

The single currency pair rose past the 107.00 level threatening a break higher. At the moment it will be considered as a test and it is recommended to initiate short positions. The risk/reward ratio is good at the moment. Resistance is at 108.00 level, while intermediary support is at 105.20/30 levels followed by 104.00, 103.00, and 100.50. As it is depicted on the chart, at least 104.50 level should be expected in the short term; 108.00 should hold well.

Trading Recommendations:

Hold on to short positions taken earlier, build further short positions, move stop loss from 107.50 level to 108.00 (50 pips higher), and target is at 104.50.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback