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USD/JPY Undecided

MultiBank Exchange Group
By MultiBank Exchange Group

USD/JPY dropped in the morning and retested the red uptrend line and now has squeezed again. Needs a bullish spark to be able to increase further. We may have a bullish momentum if the US data will impress later. Hovers above the 110.00 psychological level, the next upside targets will be at the 38.2% retracement level and higher at the third warning line (WL3).

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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