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 USD/JPY for January 11, 2016

USDJPYH4.png

Overview

According to the shown H4 chart, there is no change in the USD/JPY outlook. A deeper fall is still expected as long as the 118.83 minor resistance holds to the 116.13 key support level. Price actions from 125.85 are still viewed as a sideways consolidation pattern. Breaks above the level of 118.83 will turn bias back to the upside to the 120.33 support turned into resistance first. Still, a sustained break of 116.13 will indicate that it is deeper medium-term correction. At this point, we are viewing it as a sideways pattern and we expect strong support around 116.13 to contain the downside. However, a sustained break of 116.13 will indicate that the corrective fall from 125.85 would extend to 38.2% retracement of 75.56 (the low of 2011) to 125.85 at 106.63 and lower.

Daily Pivots: (S1) 116.91; (P) 117.82; (R1) 118.34

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