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    GBP/JPY Drops As Expected

    MultiBank Exchange Group
    By MultiBank Exchange Group

    Price is expected to drop further on the Daily chart after the retest of the broken red uptrend line, the next downside target will be at the first warning line (WL1) of the major ascending pitchfork. Could be attracted by the confluence area formed at the intersection between the lower median line (lml) with the WL1.

    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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