****** Forex Daily Market on Crosses : EUR/JPY ******

[acetraderfx]

DAILY EUR/JPY CROSS OUTLOOK - 129.20

19 Apr 2013 06:52GMT

As euro has continued to edged higher after breach of y'day's top at 128.78, suggesting consolidation with upside bias is seen for gain to 129.74, breal wud extend upmove fm 125.00 (Mon) marginally, o/bot condition wud keep price well below 130.57.

Raise long entry with stop as indicated, below wud prolong choppy trading n risk 128.08.

STRATEGY : Buy at 128.95

OBJECTIVE : 129.90

STOP-LOSS : 128.50

RES : 129.74/130.57/131.10

SUP : 128.54/128.08/127.58