MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of EUR/JPY for October 03, 2014


Technical outlook and chart setups:


The EUR/JPY pair seems to be on its way towards new highs at 143.00 levels at least. As seen here, the pair is bouncing off the back side of resistance line, which is acting as support now. Furthermore, the fibonacci 0.618/0.786 support is also passing through 137.00 levels and a bullish morning star reversal signal is being produced at the moment. All these factors point towards a bullish bounce from the current levels and hence recommendations are to remain long from positions taken yesterday. Immediate support is seen at 135.80 and lower while resistance is seen at 139.00 levels, followed by 141.30 and higher up respectively.


Trading recommendations:


Remain long, stop at 135.80, target 143.30 at least.


Good luck!


The material has been provided by InstaForex Company - www.instaforex.com