Tuesday, December 11, 2012

EUR / JPY: Tuesday 11th December 2012 14:57hrs

EUR / JPY

EJ is in an up trend

Chart below


Price has recently pulled back allowing for opportunities to get long with the trend.

Following the recent Higher High I am looking for a small pull back to allow me to enter with good risk reward.

Levels and chart below:

1st Entry: 106.90
2nd Entry: 106.70

Averaged Entry: 106.80

Stop Loss: 106.40

Target: 108.80 (5%)


I will update again should the trade be triggered

Regards

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