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HomeContributorsTechnical AnalysisGBP/JPY Hit Another Downside Target

GBP/JPY Hit Another Downside Target

MultiBank Exchange Group
By MultiBank Exchange Group

The GBP/JPY has finally reached the 148.46 horizontal support as predicted. Is strongly bearish on the short term, a valid breakdown will announce a further drop and will bring us a great selling opportunity. The next major downside target will be at the first warning line (WL1) of the 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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