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*

Analysis of USD/JPY for January 09, 2018

analytics5a54be9c5e24c.png

Recently, the USD/JPY pair has been trading downwards. As I expected, the price tested the level of 112.59. According to the 30M time frame, I found a breakout of upward trendline in the background, which is a sign that sellers are in control. I also found a hidden bearish divergence in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at 112.20 and 112.05.

Resistance levels:

R1: 113.35

R2: 113.60

R3: 113.85

Support levels:

S1: 112.85

S2: 112.60

S3: 112.35

Trading recommendations for today: watch for potential selling opportunities.

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