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 GBP/JPY for January 3, 2019

analytics5c2da977db2ac.png

GBP/JPY collapsed in overnight trading and tested 131.43 as the low. This was just below the equality target between wave C/ and A/, which was seen at 132.78. This indicates wave B likely has completed and a new impulsive rally is developing to above 156.61.

Short-term, we do expect a minor set-back to 132.78 before the next rally higher towards 139.91 and above to confirm that a long-term low has been seen and a new impulsive rally is developing.

R3: 135.31

R2: 134.65

R1: 134.25

Pivot: 133.86

S1: 133.64

S2: 132.78

S3: 132.35

Trading recommendation:

We will buy GBP upon a break above 134.62

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