MG Network

our website isComing Soon

In the mean time connect with us with the information provided

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 September 17, 2020

analytics5f62fa8357c9c.jpg

GBP/JPY remains locked inside the sideways consolidation between 135.41 and 136.59 and we will need a break out of this consolidation-area for the next meaningfull move. We prefer a break above resistance at 136.59, but the longer GBP/JPY stays locked inside this sideways consolidation, the risk for a break below support at 135.41 rises for a final spike towards 133.87.

A break above 136.59 will confirm that red wave iv/ has completed and red wave v/ to above 142.72 is in motion.

R3: 137.10

R2: 136.60

R1: 136.06

Pivot: 135.90

S1: 135.75

S2: 135.50

S3: 135.25

Trading recommendation:

We are long GBP from 135.55 and we will move our stop to 135.35

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