Thu, Dec 12, 2024 @ 17:49 GMT
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HomeContributorsTechnical AnalysisGBP/JPY Further Drop Favored

GBP/JPY Further Drop Favored

MultiBank Exchange Group
By MultiBank Exchange Group

Price has come back to retest the uptrend line (red line) to confirm this resistance (support turned into resistance) and to validate a further drop in the upcoming weeks. GBP/JPY could climb even towards the upper median line (uml) of the minor descending pitchfork before will drop again. The next downside target will be at the WL1.

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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