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 17 - 2020

analytics5e214a72322cc.png

GBP/JPY broke above key resistance at 143.50 indicating that a premature bottom has been found at 140.82 and renewed upside pressure should be expected towards 149.00 as the minimum target for wave v. This rally should complete the first impulsive rally from the August 2019 low at 126.52 and pave the way for the largest correction in this uptrend. The first target to look for is the bottom of wave iv at 140.82, but an even larger correction can not be excluded, but for now, we will stay focused towards the upside for a rally towards at least 149.00.

R3: 145.75

R2: 145.43

R1: 145.04

Pivot: 144.23

S1: 143.90

S2: 143.50

S3: 143.20

Trading recommendation:

Our stop at 143.50 was hit for a 45 pip loss. We bought GBP at 143.60 and have placed our stop at 143.20.

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