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 July 26, 2021


The double zig-zag correction in wave iv/ completed between the 23.6% and 38.2% corrective area, which is within the normal target-zone we would expect to find the end of the wave four correction. We are currently looking for a break above resistance at 152.19. A break above resistance at 153. 49 will confirm that wave iv/ has completed and wave v/ towards the long-standing target at 159.75 is in motion. This should complete wave iii and set the stage for a more prolonged correction in wave iv. Now, our focus should remain on a break above resistance at 152.19 as a good indication that wave iv/ has completed and wave v/ of iii is in motion towards 159.75.

Trading recommendation:

Buy a break above 152.19 for a rally towards 159.75

The material has been provided by InstaForex Company -