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HomeContributorsTechnical AnalysisUSD/JPY In The Buyers Territory

USD/JPY In The Buyers Territory

MultiBank Exchange Group
By MultiBank Exchange Group

USD/JPY rallied and extended the upside movement, a retest of the warning line (wl1) will confirm a further increase. Continues to move in range on the daily chart, we’ll have a clear direction once we’ll have a valid breakout from this extended sideways movement.

The next upside target will be at the confluence area formed between the 38.2% retracement level with the WL3

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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