Nima Azadi's  Instablog

Nima Azadi
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Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • EUR/JPY Technical Outlook - 1 0 comments
    Sep 17, 2013 6:05 AM

    As it is evident in the chart, this pair is in a stable uptrend. From the specified time zone onwards, an increase in demand has been observed. The inability of the bears to push the price down to the middle line of the Andrew's pitchfork clearly proves strong buying interest.

    If the 132.65 level is broken decisively to the upside, we will long the pair targeting 135 and with a stop loss at 131.60

    (click to enlarge)

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