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 01, 2015


Technical outlook and chart setups:


The EUR/JPY pair has broken the intermediary support trendline as depicted here, and is seen trading around 144.70/80 levels. The pair can still drift sideways for a while before rallying further up through the 148.00 levels. On the flip side, a further push lower from current levels could drift prices towards 142.00 levels before reversing. It is safe to remain flat for now, look for reaction around 146.00 levels, and to initiate short positions. Immediate resistance is seen at 146.00 levels (support turned resistance line), followed by 147.00, 148.00 and higher, while support is seen at 142.00, followed by 140.00 and lower respectively.


Trading recommendations:


Remain flat for now.


Good luck!


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