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 29, 2015.


Technical outlook and chart setups:


The EUR/JPY pair dropped to 132.40/50 levels yesterday and, as suggested, long positions initiated. The pair may dip to 132.00 levels before rallying further high into the 138.00 handle. It is still recommended to keep buying on dips from here on, risk remains below 130.00. Bulls are poised to stage an impressive counter trend rally in 3 waves which could reach 143.30 levels in the coming weeks. Immediate support is seen at 132.00 followed by 130.00 while resistance is seen at 138.00 followed by 142.00 and higher, respectively. The pair is expected to print higher highs and higher lows untill prices remain above 130.00 levels.


Trading recommendations:


Remain long, stop is below 130.00, target is 138.00.


Good luck!




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