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

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*

USDJPY bulls need to be very cautious

, , ,

USDJPY has managed the last two weeks to climb above 109 and re-test the November highs. The RSI is providing several warning signs for bulls.

analytics5dfe5ff0cbc04.png

USDJPY is showing rejection signs at the 109.70 area. The RSI is showing bearish divergence signs and rejection at the green resistance trend line. This implies that we should favor the bearish scenario for a move lower as long as price is below the 109.70-109.90 resistance area. Major support at 108.40 is key. Breaking below this level will open the way for a move towards 107.The material has been provided by InstaForex Company - www.instaforex.com
at
Labels: , , ,