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HomeContributorsTechnical AnalysisGBP/JPY Upside Paused

GBP/JPY Upside Paused

MultiBank Exchange Group
By MultiBank Exchange Group

GBP/JPY reached new highs today, but wasn’t able to stay near the 142.88 today’s high and now is trading in the red. Could retest the upper median line of the minor descending pitchfork before will resume the upside movement. We’ll see how long the rebound will go because has reached and important resistance area.

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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