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 GBP/JPY for October 17, 2014

GBPJPYWeekly.png


The pair continued its downward journey and is trading below 50Wsma. Today the pair opened above the previous close, but was rejected at 200Dsma. For the short term perspective, the pair has weekly support at 171.00, 50Wsma, on a closing basis, the same provided support on September 2014 at 169.36 levels. In case, if the pair closes below this, 170.62, 200Dema, will act as another major support. In the weekly chart, the base of the triangle providing enough support in the short term on a closing basis. For bears, until the price closes above 173.32 sell on every rise on a positional basis.


GBPJPYH4.png

For an intraday view, the prices are trading below hourly moving averages. The price has resistance at 171.55. Until the prices close below 171.55 in the h4 chart, use every rise to sell. For an hourly trades, risky traders use sl 171.55 levels.


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