InstaForex - Analytics


    699.25 6.25/10
    61% of positive reviews

    Fractal analysis of the EUR/JPY and GBP/JPY pairs. Trading recommendations 2010-07-14

    Dear traders,
    As for the EUR/JPY pair, we continue to observe development of the uprising cycle from July 1. For now, we do not see any initial conditions for a decreasing tendency; therefore, we consider downward motion as a correction. As for the GBP/JPY pair, we observed the long-term ascendant structure from May 20, 2010 and the local upward cycle from July 7. There are no initial conditions for descendant tendency as well.

    Forecast for July 14:

    Show full picture

    116.41, 115.46, 115.08, 113.95, 113.49, 112.45, 112.08, 111.56, 110.70 110.24
    Trading recommendations:

    Show full picture
    138.79, 138.23, 137.11, 136.64, 135.71, 135.48, 134.06, 133.53 132.26
    Trading recommendation:

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree