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 February 5, 2021

analytics601ce53eda699.jpg

GBP/JPY continues to push higher as expected. After a dip to 142.84 (a little lower that our ideal 142.92) GBP/JPY started to rally again and broke above the former peak at 144.10 for a continuation towards the minor green wave v/ target between 144.70 - 145.15. Once green sub-wave v/ completes we should see another corrective set-back close to 142.84, but to secure the base for the next impulsive rally towards 147.96 and ultimately above here too.

Support is now seen at 143.96.

R3: 145.99

R2: 145.60

R1: 145.14

Pivot: 144.70

S1: 144.23

S2: 143.96

S3: 143.67

Trading recommendation:

We are long GBP from 142.27 and we will move our stop higher to 142.75

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