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 October 27, 2014


Technical outlook and chart setups:


The EUR/JPY dropped into 135.20/30 levels last week before bouncing off, as it was discussed and expected. Please note that the pair bounced off from confluence of fibonacci 0.618 support, the back side of the trend line (resistance turned support) and a right shoulder of potential inverted head and shoulder reversal. Minimum expectations on the higher side are 138.00, followed by 138.70/80 levels. Support is seen at 135.20/30, followed by 134.20/30 and lower, while resistance is seen at 138.00, followed by 139.00 and higher up respectively. It is recommended to remain long, risk remains at 135.00 now.


Trading recommendations:


Remain long for now, move stop to 135.00, target is 138.80 at least.


Good luck!


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