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HomeContributorsTechnical AnalysisGBP/JPY Turned To The Upside

GBP/JPY Turned To The Upside

MultiBank Exchange Group
By MultiBank Exchange Group

Price increased in the early morning and should resume the upside momentum. Technically is expected to climb much higher after the false breakdown below the WL1 of the descending pitchfork and below the warning line (wl1) of the ascending pitchfork.

It’s moving somehow sideways on the daily chart, but maintaining a bullish perspective for the upcoming period.

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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