MG Network

our website isOn Vacation

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 May 19, 2021


EUR/JPY continues to make headway towards the ideal target seen at 133.66 where we expect wave 3/ to complete at set the stage for a correction in wave 4/ to at least 130.84. It is likely to reach the 38.2% corrective target at 129.06 before turning higher again to the peak of wave 5/ and 3 near 135.15.

Short-term minor support at 132.03 should be able to protect the downside for the expected push higher to 133.66. A break below 132.03 will indicate that wave 3/ already is complete and the dip in wave 4 to at least 130.84 already is in motion.

Trading recommendation:

Take profit on long positions near 133.66 or upon a break below 132.03 and re-buy EUR near 129.06 for the next run higher towards 135.15

The material has been provided by InstaForex Company -