EUR/JPY technical analysis for July 4, 2013


Yesterday, EUR/JPY already breached bellow the EMA 100 (green) and went back above the EMA 100 (green) again. The bullish situation has already slowed down and the EMA 14 (red) is now between the EMA 34 (blue) and the EMA 100 (green). It indicates that EUR/JPY is now in the ranging situation.

RECOMMENDATION:
Buy Stop (Pending Order) at 130.01.
Take Profit at130.15.
Stop Loss at 129.91
Alternative:
Sell stop (pending order) at 129.46.
Take profit at 129.35.
Stop loss at 129.56.

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