EUR/JPY is now in a ranging situation between the 128.25-130.25; this situation was caused by yesterday’s signal from Mr Bernanke for continuation of the U.S. economic stimulus until mid-2014; but when this stimulus will be stopped there’s no clue, because they will not stop it until they get confirmation with all the economic data. This issue made the market confused, and this situation makes the market ranging, at least temporarily.
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/JPY is now in a ranging situation between the 128.25-130.25; this situation was caused by yesterday’s signal from Mr Bernanke for continuation of the U.S. economic stimulus until mid-2014; but when this stimulus will be stopped there’s no clue, because they will not stop it until they get confirmation with all the economic data. This issue made the market confused, and this situation makes the market ranging, at least temporarily.
RECOMMENDATION:
Buy stop (pending order) at 130.26.
Take profit at 130.40.
Stop loss at 130.16.
Alternative:
Sell stop (pending order) at 129.99.
Take profit at 129.85.
Stop loss at 130.09.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email: [email protected]
Yahoo Messenger & Skype: Arief.ifx_jakarta
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
Disclaimer:
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
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