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 EUR/JPY for August 4, 2020


EUR/JPY is still expected to move higher towards resistance in the 125.58 - 125.82 area, from where a lager correction towards 123.79 is possible. We are not looking for a major top, but just a temporary top before the next impulsive rally higher towards 127.23 and ideally closer to 129.26.

Support is now seen in the 124.33 - 124.57 area.

R3: 125.82

R2: 125.58

R1: 125.06

Pivot: 124.57

S1: 124.33

S2: 124.23

S3: 123.78

Trading recommendation:

We are long on EUR from 123.35 and we will move our stop higher to 124.00 and we will take profit on 50% of our long position at 125.50

The material has been provided by InstaForex Company -