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


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

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.



Expert In



Elliott wave analysis of GBP/JPY for August 9, 2021


GBP/JPY is testing short-term resistance at 153.49 and a break above here will confirm that wave v/ of III is in motion towards the long-term target at 159.75. This will complete wave III and set the stage for a more prolonged correction in wave iv. Now, it is recommended to focus on the upside and a break above short-term resistance at 153.49.

According to the alternate scenario, it may rise to a possible S/H/S top if the neckline at 148.53 is broken. Let's be clear, that this is our alternate count and it provides us with the boundaries of our preferred bullish outlook and where the risk turns 180 degrees.

The material has been provided by InstaForex Company -