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EUR/JPY Breakout In Play

EUR/JPY is trying to breakout from the confluence area formed at the intersection between the median line (ml) with the second warning line (descending dotted line) of the minor descending pitchfork.

A valid breakout through the mentioned confluence area will accelerate the upside movement. Price has finally escaped from the minor ascending channel between the sliding lines (SL), signaling a further increase.

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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