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 January 4, 2016

General overview for 04/01/2016 09:30 CET

An anticipated wave c purple to the downside has developed correctly, but the whole structure might be close to invalidation if the level of 129.65 is violated. In H4 time frame, the bigger cycle wave B blue bottom is exactly at the level of 129.65 and then the bullish impulsive cycle starts in form of a wave 1. The main count is still valid, but to confirm a bullish breakout and trend reversal, the price must violate the technical resistance at the level of 131.02.

Support/Resistance:

129.65 - Bigger Time Frame Impulsive Count Invalidation Level

129.80 - WS1

130.14 - Intraday Resistance

131.02 - Technical Resistance

131.14 - Weekly Pivot

131.62 - WR1

Trading recommendations:

Daytraders should consider buying on the dips in this market with SL below the level of 129.64 and TP open for now.

eurjpy_h4.jpg

eurjpy_h1.jpg

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