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 January 19, 2017

General overview for 19/01/2017:

The pair hit a fresh intraday high at the level of 122.30 after the weekend gap had been finally filled. Currently, the Elliott wave count is suggesting, that wave progression from the low at the level of 120.53 is in three waves, but it has an impulsive structure. The invalidation of this structure will come with the level of intraday support at 121.39 violation, but as long as this level is not hit, the outlook remains bullish.

Support/Resistance:

120.89 - Technical Support

121.39 - Intraday Support

122.01 - Weekly Pivot

122.41 - Intraday Resistance

122.82 - WR1

123.85 - Swing High

Trading recommendations:

The buy orders should now all be closed after the TP at the level of 122.01 was hit. Currently, the next good level to buy is the gray rectangular zone and the SL shlould be placed below the level of 121.39.

analytics58808f9e79589.jpg

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