Thursday, May 30, 2013

EUR / JPY: 30.05.13 12:27HRS

EUR / JPY:

EJ is in an uptrend.

Chart below:

 
Price has pulled back over the past week, however EJ remains supported.
 
Chart below:
 
 
Price has this morning broken up and I am looking for a long position with the trend as detailed below.
 
Levels and Chart below:
 
1st Entry: 131.30
2nd Entry: 131.10
 
Averaged Entry: 131.20
 
Stop Loss: 130.80
 
1st Target: 133.20
2nd Target: 134.70
 
 
I will update again should the trade be triggered.
 
 
 
 

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