Tuesday, July 09, 2013

EUR / JPY: 09/07/2013. 16:10HRS

EUR / JPY:

EJ is in a long term down trend.

Chart below:

 

 
Price has broken down this afternoon and I am looking for a short position as detailed below.
 
Levels and Chart below:
 
1st Entry: 129.65
2nd Entry: 129.85
 
Averaged Entry: 129.75
 
Stop Loss: 130.10
 
1st Target: 128.00
2nd Target: 126.50
 
 

 
I will update again should the position be opened.
 
 
 

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