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 April 17, 2019

analytics5cb6acea71edd.png

We continue to look for a break above minor resistance at 126.80 that will call for a continuation of the upward movement towards 127.50 and 129.50 as the next upside targets.

That said, we need to stress that as long as minor resistance at 126.80 is able to cap the upside, we might see a correction closer to 125.65 before the next upward rally sets in. Only an unexpected break below 144.90 will shift the bias back towards the downside.

R3: 127.50

R1: 127.00

R1: 126.80

Pivot: 126.15

S1: 126.00

S2: 125.65

S3: 125.00

Trading recommendation:

We are long EUR from 125.65 with our stop placed at 125.25.

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