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 November 16, 2015

General overview for 16/11/2015 08:00 CET

Another wave downwards has unfolded after today's opening bell, so this triangle breakout to the downside is valid now. Nevertheless, there is still much room to the downside as the wave (c) hasn't been completed yet and only a sustained breakout above the wave (b) blue high at the level of 132.80 would change the bearish outlook.

Support/Resistance:

130.44 - WS1

130.63 - Intraday Support

131.48 - Intraday Resistance

131.81 - Weekly Pivot

132.36 - WR1

Trading recommendations:

Day traders should placing sell orders from the current levels with SL above the level of 131.82 and TP, which is open now.

eurjpy_h1.jpg

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