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USD/JPY Valid Or False Breakout

MultiBank Exchange Group
By MultiBank Exchange Group

USD/JPY increased significantly today after the Friday’s indecision. Is pressuring the downside line of the symmetrical triangle and the 50% retracement level. Price continues to move in range between the 23.6% retracement level and the 50% level, only a valid breakdown below the 50% retracement level will confirm a large drop.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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