EUR/JPY technical analysis for August 22, 2013


Since yesterday, the 131.00 level has already acted as strong resistance, although all the three moving average still make the "Golden Cross" pattern, this means the upside trend still continue in this pair, as long this currency not going down and breach bellow the EMA 100 (green) the uptrend situation still in a healthy condition.

RECOMMENDATION:
BUY Stop (Pending Order) at 131.26.
Take Profit at 131.30.
Stop Loss at 131.16.

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