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 September 1, 2020


GBP/JPY could peak anytime now for a correction towards 138.34 in red wave iv/. A break below minor support at 141.30 will indicate that GBP/JPY has peaked and the expected correction in red wave iv/ is ongoing for a dip to 138.34 before red wave v/ moves higher to complete red wave iii in the 143.43 - 144.63 area and set the stage for a sideways consolidation in red wave iv.

However, for now, we are looking for a break below 141.30 to confirm that red wave iii/ has peaked and red wave iv/ is ongoing.

R3: 142.60

R2: 142.30

R1: 142.04

Pivot: 141.30

S1: 140.87

S2: 140.59

S3: 140.32

Trading recommendation:

We will buy GBP again at 138.50

The material has been provided by InstaForex Company -