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*

Daily analysis of GBP/JPY for February 13, 2015

GBPJPY_13-2.png

Overview


Proceeding from the today's H4 chart, the pair is still trading between the support level of 182.50 and the resistance level of 183.50 and currently the pair fails again to break the resistance level. If the pair breaks it to take an upward movement, it may continue its bullish trend and we will get a good opportunity to buy again above the resistance level of 183.500 untill the 4H closing above the resistance level of 184.00 as a level target. Then we should wait for breaking this resistance level to continue the upward move and open the way towards the resistance level of 184.40. On the other hand, if the pair fails to break the resistance level of 183.50 and bounces from it, it might take a downward trend, which will enable the support level of 182.50 again. Therefore, we suggest waiting for the next closing before making the decision.




Resistance and support levels: R3 (184.40), R2 (184.00), R1 (183.50), S1 (182.50), S2 (182.00), S3 (181.00).





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