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 November 14 - 2019

analytics5dcced7b832f1.png

We have seen the expected dip closer to 139.58 that completed red wave e and red wave iv for the next impulsive rally higher to 144.58. The trigger and confirmation that red wave iv is complete is a break above minor resistance at 140.26 and more importantly a break above 140.48.

As long as minor resistance at 140.26 is able to cap the upside, GBP/JPY is likely to try to push closer to the 139.34 limit. This should be a firm floor for the next impulsive rally.

R3: 141.00

R2: 140.75

R1: 140.48

Pivot: 140.26

S1: 139.88

S2: 139.58

S3: 139.34

Trading recommendation:

We are long GBP from 140.12 with our stop placed at 138.75. If you are not long GBP yet, then buy a break above 140.26 and place your stop at 139.25

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