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 EUR/JPY for January 26, 2017

analytics5889a0f35768e.png

Wave summary:

We continue to look for a break above minor resistance at 122.27 that confirms a continuation towards 122.95. In case the level is surpassed, it is calling for a final rally higher towards the ideal target seen at 126,54. Once the 126,54 target has been tested, a correction towards 120.50 will be expected. Short-term support is seen at 121.79, that ideally will be able to protect the downside for the rally above 122.27. However, even if support at 121.79 is broken, back-up support is seen at 121.58.

R3: 123.12

R2: 122.95

R1: 122.27

Pivot: 122.00

S1: 121.79

S2: 121.58

S3: 121.44

Trading recommendation:

We are long EUR from 121.40 with stop placed at 120.45 Upon a break above 122.27 the stop will be moved higher to 121.50. If you are not long EUR yet, then buy a break above 122.27 and place you stop at 121.50.

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