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 December 10, 2015

Technical outlook and chart setups:

The EUR/JPY pair is testing its immediate line of resistance around 133.80 now. Please note that the pair had stalled at the level of 134.50 earlier, and since then has been stuck in a range. Also note that 134.50 is just around the Fibonacci 0.618 resistance of a drop between 137.00 and 129.00. It is hence recommended to initiate short positions with risk just above the level of 134.50. Immediate resistance is seen at 134.50 followed by 136.50 and higher, while support is seen at 133.20 followed by 131.00 and lower. Bears should be poised to regain control until prices stay below 134.50.

Trading recommendations:

Initiate short positions with stop at 134.80, a target is at 131.00.

Good luck!

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