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GBP/JPY Pressured By The Nikkei’s Drop

MultiBank Exchange Group
By MultiBank Exchange Group

Price drops further as the Nikkei stock index retreats after the yesterday’s amazing rally. A further Nikkei’s increase forces the Yen the appreciate versus all its rivals on the short term. The next downside target will be at the 148.46 static support, only a valid breakdown will confirm a larger drop.

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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