Sat, Jan 28, 2023 @ 20:29 GMT
HomeContributorsTechnical AnalysisEUR/JPY Erases The Lates Gains

EUR/JPY Erases The Lates Gains

EUR/JPY drops and is almost to reach the 129.36 week low and the inside sliding line (SL) of the major ascending pitchfork. I’ve said in the last reports that technically speaking, the rate should drop further in the upcoming period after the failure to reach and retest the red uptrend line and after the failure to stay above the median line (ml). A valid breakdown below the sliding line (SL) will confirm a further drop in the upcoming period.

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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