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 GBP/JPY for February 26, 2021

analytics60389a5599178.jpg

GBP/JPY peaked at 150.44 just above our ideal target at 150.27 and we have already seen a decline into the expected target area between 146.41 - 147.72. The ongoing correction should only prove to be a temporary set-back in the long-term uptrend where we are looking for a major upside target near 155.36.

A break above minor resistance at 149.17 will indicate that the correction in blue wave iv/ is complete and blue wave v/ higher towards 152.35 is unfolding.

R3: 149.17

R2: 148.95

R1: 148.35

Pivot: 148.16

S1: 147.72

S2: 147.55

S3: 147.10

Trading recommendation:

We took profit on our 50% long position from 142.27 at 149.10 for a nice 683 pips profit. We will re--buy GBP at 147.25 or upon a break above 149.17.

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