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 EUR/JPY for December 28, 2015

EURJPYH4.png

Overview

From the attached H4 chart, we can notice that the rebound from 129.66 is finished at 134.58 already. A deeper fall should be seen for 129.66 support first. Besides, EUR/JPY is staying in a falling channel that started at 141.04 and a deeper decline is in favor. A break of 129.66 will target a test on 126.09 low. Price actions from 149.76 medium-term top is viewed as corrective in nature. A strong rebound after failing to sustain below 38.2% retracement of 94.11 to 149.76 at 128.50 argues that it's developing in a sideway pattern. We'd expect more range trading between 126.09 and 149.76 in the medium term. And that should then be followed by an upside breakout at a later stage. Nonetheless, a decisive break of 126.09 would extend the correction towards 61.8% retracement at 115.36.

Daily Pivots: (S1) 131.69; (P) 131.85; (R1) 132.11;

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