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*

Elliott wave analysis of EUR/JPY for July 3 - 2015

2015-07-03-EURJPY-4H.png

Technical summary:

We are going nowhere at the moment, which is clearly showing the ongoing fight between bulls and bears. We continue to be cautious bulls as long as support at 135.85 and more importantly as long as support at 133.07 protects the downside. That said we need a breakout above 138.68 to add renewed upside pressure towards 141.06 on the way higher to 144.03.

An unexpected breakout below support at 133.07 will indicate that the rally from 126.05 was only corrective and a new test of this low should be seen on the way lower to 119.90.

Trading recommendation:

We will buy break above 137.45 with stop placed at 135.75.

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