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GBP/JPY On The Way Down

MultiBank Exchange Group
By MultiBank Exchange Group

Price goes down aggressively erasing everything in its way as the Nikkei stock index has dropped sharply on Thursday. JP225 index failed to stay above the 19700 major static resistance and now is approaching the 19309 previous low. A further Nikkei’s drop will help the Yen to dominate the currency market. GBP/JPY should reach the warning line (WL1) in the upcoming days.

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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