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 June 23, 2020

analytics5ef18acc5e65c.jpg

EUR/JPY shot away from the 50% corrective target at 119.41 indicating a possible corrective low being in place. The break above the minor resistance at 120.21 also add confidence that a possible bottom is in place now. However, we will need a break above key-resistance at 122.12 to confirm that wave 2 is completed and wave 3 higher is in motion for a ride towards 129.24 and more likely even closer to the 161.8% extension target at 135.46.

Support is now at 119.88 while key support is at 119.41. A break below the later will call for a continuation of wave 2 towards the 61.8% corrective target at 118.23.

R3: 122.12

R2: 121.80

R1: 121.23

Pivot: 120.62

S1: 120.24

S2: 119.88

S3: 119.41

Trading recommendation:

We are long on EUR from 119.95 and we will move our stop higher to 119.35.

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