EUR/JPY technical analysis for July 29, 2013


This week, the EUR/JPY pair continues its Bearish situation. It is already indicated by all the three moving averages making a "Death Cross" pattern. For today if the EUR/JPY pair can breach below the 129.75, this will be the sign for this currency to continue going down.

RECOMMENDATION:
SELL Stop (Pending Order) is at 129.74.
Take Profit is at 129.60.
Stop Loss is at 129.84.

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