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 June 24, 2020

analytics5ef2e6b33660f.jpg

EUR/JPY still needs to prove, that a corrective low in fact was seen with the test of 119.41 and a new impulsive rally is in motion. The rally from the 119.41 low does look promising, but we still need to see a break above minor resistance at 121.23 and more importantly a break above the key resistance at 122.12 to confirm that wave 3 higher indeed is in motion. For now this is our preferred count, but we would like to see EUR/JPY act out as this also is the case, which it really hasn't yet.

Support is seen at 120.19 and again at 119.88, which ideally should be able to protect the downside for the next spike higher.

R3: 122.12

R2: 121.58

R1: 121.23

Pivot: 120.67

S1: 120.19

S2: 119.88

S3: 119.60

Trading recommendation:

We are long EUR from 119.95 with our stop placed at 119.35

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