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*

Daily analysis of GBP/JPY for October 14, 2015

GBPJPYH4.png

Overview

GBP/JPY has turned neutral. Price actions at 180.36 are viewed as a consolidation pattern. A breakout at 180.36 will extend the fall from 195.86 in order to test the key support level of 174.86. In case of another rise, strong resistance should be seen around 188.28 to end the consolidation. The pair was close to key cluster resistance of 61.8% retracement from 251.09 to 116.83 at 199.80, which is close to the psychological level of 200. A breakout at 174.86 will confirm the trend reversal and bring a deeper fall to 38.2% retracement of 116.83 to 195.86 at 165.67. In case of another rise, we should be cautious as strong resistance at 199.80/200.00 could cause a reversal.

Daily Pivots: (S1) 181.45; (P) 182.89; (R1) 183.97;

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