EUR/JPY profit target almost reached, remain bullish
October 25, 2016 11:26 am
Price has bounced perfectly off our support and has almost hit our profit target. We remain bullish for a further push up above 113.15 support (Fibonacci retracement, horizontal pullback support) to 113.94 tightening our stop loss to lock in profits.RSI (34) is seeing major support at 24% and has displayed bullish divergence vs price.Stochastic (34,5,3) is above major support at 4% and also displaying bullish divergence vs price.
Buy above 113.15. Stop loss at 112.80. Take profit at 113.94.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price has bounced perfectly off our support and has almost hit our profit target. We remain bullish for a further push up above 113.15 support (Fibonacci retracement, horizontal pullback support) to 113.94 tightening our stop loss to lock in profits.RSI (34) is seeing major support at 24% and has displayed bullish divergence vs price.Stochastic (34,5,3) is above major support at 4% and also displaying bullish divergence vs price.
Buy above 113.15. Stop loss at 112.80. Take profit at 113.94.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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