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HomeContributorsTechnical AnalysisEUR/JPY Downside Perspective Clouded

EUR/JPY Downside Perspective Clouded

MultiBank Exchange Group
By MultiBank Exchange Group

EUR/JPY rebounded in the yesterday’s session and closed above the upper median line (UML) of the major ascending pitchfork. Price is pressuring the dynamic support, a false breakdown will signal another bullish momentum. The failure to reach the confluence formed by the sliding line (sl) with the upper median line (uml) signals an increase as well.

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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