Wed, Nov 20, 2024 @ 17:30 GMT
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HomeContributorsTechnical AnalysisUSD/JPY Another Leg Lower

USD/JPY Another Leg Lower

MultiBank Exchange Group
By MultiBank Exchange Group

USD/JPY has found strong resistance and now seems poised to drop in the upcoming days. Has retested the warning line (wl1) and turned to the downside as the USD was punished by the USDX’s drop. Technically, it should drop further after the failure to close on the warning line (wl1) and after the false breakout above the median line (ml) of the minor blue ascending pitchfork.

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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