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 on USD/JPY for June 20, 2018

The USD/JPY pair has held support at 109.50 and bounced back above the 110 level. USD/JPY has broken the bullish channel and is now back testing the breakdown area of 110.40-110.20.

analytics5b29f84b2c445.png

Blue lines - bullish channel

The USD/JPY pair bounced off the lower cloud boundary. Price reached the upper cloud boundary which is short-term resistance. Holding at least inside the cloud is in favor of the bulls. Bears need to break down below the cloud support at 110. A 4-hour close below 110 will be a bearish sign. I remain longer-term bearish about USD/JPY looking for at least a move to 108 if not lower.

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