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 January 11, 2019

analytics5c382bb10826a.png

As long as support at 124.12 is able to protect the downside, we should continue to look for more upside pressure towards the ideally target for wave i at 127.09.

Short-term we need a break above minor resistance at 124.93 is confirm continuation higher to the 127.09 target from where a more substantial corrective decline is expected. Only a direct break below key support at 124.12 will tell us, that a premature top for wave i already has been seen and a corrective decline into the support-area between 121.22 - 121.92 is developing.

R3: 126.58

R2: 125.90

R1: 124.93

Pivot: 124.45

S1: 124.12

S2: 123.80

S3: 123.39

Trading recommendation:

We are long EUR from 122.50 with our stop placed at 124.00

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