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    HomeContributorsTechnical AnalysisGBP/JPY Targeting New Lows

    GBP/JPY Targeting New Lows

    MultiBank Exchange Group
    By MultiBank Exchange Group

    Price is trading in the red and should resume the corrective phase, after a minor distribution. The next major downside target will be at the first warning line (WL1) of the ascending pitchfork. Could drop towards this target after the failure to retest 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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