Sat, Apr 20, 2024 @ 05:25 GMT
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USD/JPY Further Increase Expected

MultiBank Exchange Group
By MultiBank Exchange Group

The USD/JPY rallied aggressively in the yesterday’s trading session and invalidated the Friday’s breakdown below the 108.12 static support. Is still trapped within the extended sideways movement and should approach and reach the third warning line (WL3) of the major descending pitchfork. A valid breakout above the WL3 will confirm an increase towards the 23.6% retracement level.

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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