HomeContributorsTechnical AnalysisGBP/JPY Selling Opportunity?

GBP/JPY Selling Opportunity?

Price rebounded and now is retesting the broken red uptrend line, a valid breakdown will validate a further drop. Technically is expected to drop further after the failure to reach the down red sloping line and to stay above the warning line (WL1). A further drop will be confirmed if will decrease again after the minor rebound. Will drop quickly if will stay below the median line (ml) of the minor descending 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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