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 April 02, 2015


Technical outlook and chart setups:


The EUR/JPY pair is seen to be trading between channel resistance and past resistance turned into support line at the moment. The pair is facing channel resistance around the levels of 129.45 and could possibly turn lower again. It is hence recommended to fix profits on the long position initiated yesterday. Immediate support is seen at the levels of 128.00 followed by 127.00 and lower, while resistance is seen at the levels of 130.40/50 followed by 131.40/50 and higher, respectively. The pair needs to break out of the channel resistance line clearly to confirm that bulls are back in control again.


Trading recommendations:


Fix profits on long positions and remain flat for now.


Good luck!


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