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 December 23, 2014

General overview for 23/12/2014 12:25 CET


The yesterday's intraday resistance at the level of 147.02 has been marginally broken, but so far there is no follow through with this breakout and the market has made an intraday double top. This pattern might suggest some decline now as the price might be heading to test the golden trend line and the weekly pivot at the level of 146.34. Nevertheless, there are some first indications that the current wave development is trying to break out to the upside, but, first, the important resistance at the level of 147.11 must be violated in a clear, impulsive fashion.


Support/Resistance:


149.77 - Swing High


149.63 - WR2


148.23 - Bullish Zone Level


147.74 - WR1


147.11 - Intraday Resistance


146.34 - Weekly Pivot


145.70 - Technical Support


144.98 - Intraday Support


Trading recommendations:


As long as the golden trend line is not broken the bias is bullish and traders should consider opening buy orders only. Still the SL orders should be placed below the 146.34 level and TP orders should be placed at the level of 148.23.


eurjpy_h1.jpg


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