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



Technical analysis of EUR/JPY for May 27, 2016

General overview for 27/05/2016:

The three wave corrective cycle in wave 2 might be completed, but this corrective wave might still evolve into more complex cycle. To confirm the wave 2 top is in pace, bears must push the price lower towards the intraday support at the level of 122.25 and break out below it. Please notice the correction in wave 2 might extend higher than the intraday resistance at the level of 123.10. Nevertheless, in the near term another wave down is being expected anyway.


121.47 - Projected Target Level

121.92 - WS2

122.25 - Intraday Support

122.77 - WS1

123.10 - Intraday Resistance

123.14 - Black Impulsive Count Invalidation Level

123.46 - Weekly Pivot

124.34 - WR1

Trading recommendations:

All sell orders from last week should be still kept open as the target hasn't been hit yet. More sell orders might be added after the level of 122.25 is violated.


The material has been provided by InstaForex Company -