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 May 19, 2015

Technical outlook and chart setups:

The EUR/JPY pair is trading around the level of 135.50 now and might be preparing to continue dropping lower until at least 133.00 before it could produce any meaningful retracement. It looks like the pair formed a meaningful top yesterday and all rallies from there should remain well capped below the levels of 136.80/90. It is hence recommended to remain short with risk around 137.30/50. Immediate support is seen at the levels of 133.00/50 followed by 131.00, 129.00, 128.00, and lower while resistance is seen at 136.90/137.00 and higher respectively.

Trading recommendations:

Remain short, stop at 137.30/50, a target is open for now.

Good luck!


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