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 September 4, 2015

General overview for 04/09/2015 11:00 CET

The latest bullish count labeling did not do well as the new low had been reached before wave b green unfold. So, let's just take a look at a higher cycle labeling to indicate a possible target for the recent market decrease. The 61%Fibo support is seen at the level of 131.92, 66%Fibo support is seen at the level of 131.09 and both of this levels correspond to the 1-to-1 geometry range ( orange rectangle). This zone might be then the target for wave C and a possible upside rebound form the zone is currently expected.

Support/Resistance:

131.92 - 61%Fibo

131.09 - 66%Fibo

131.75 - Technical Support

Trading recommendations:

Swingtraders should close their sell orders in the support zone between the levels of 131.92 and 131.09.

eurjpy_d1.jpg

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