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*

USD/JPY analysis for February 16, 2018

analytics5a86c0470efc0.png

Recently, the USD/JPY has been trading downwards. The price tested the level of 105.54. Anyway, accorrding to the 30M time – frarme, I found fake breakout of yesterday's low at the price of 106.01, which is signt that selling looks risky. I also found a hidden bullish divergence on the moving aveage oscillator, which is another sign of strength. My advice is to watch forr potential buying opportunities. The upward target is set at the price of 106.85.

Resistance levels:

R1: 106.75

R2: 107.36

R3: 107.72

Support levels:

S1: 105.75

S2: 105.42

S3: 104.80

Trading recommendations for today: watch for potential buying opportunities.

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