HomeContributorsTechnical AnalysisGBP/JPY On A Declining Path

GBP/JPY On A Declining Path

The downside momentum was paused by the median line (ml) of the minor descending pitchfork. Now could come back to retest the upper median line (uml) before will drop much deeper. We may have a selling opportunity if will retest the broken 150% Fibonacci line (ascending dotted line), the next downside target will be at the uptrend line.

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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