Sell EURJPY at 102.30 TP: 101.55 SL: 102.85 9:00(GMT+7) 06/10/2011


Testing 102.7x and going down proving that EURJPY can not escape downtrend in shortterm. We are waiting for double top parttern to sell. Currently, ADX(14)  in 30 minutes chart is at low level and going up, showing the downtrend still continue. The level 102.3 is a convergence of two Fibonaci level (see the chart) is key level today. In my point of view, in 30 minutes chart, If the level is broken, Sell order should be place to take profit . 

So the signal today: Sell @ 102.3  TP: 101.55  SL 102.85

From : Pham Tuan Hung

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