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HomeContributorsTechnical AnalysisUSD/JPY Minor Drop Validated

USD/JPY Minor Drop Validated

MultiBank Exchange Group
By MultiBank Exchange Group

Technically the pair should drop at least towards the 38.2% retracement level after the false breakout above the warning line (wl1) and the median line (ml) of the minor ascending pitchfork. You should be careful later because the price wil be driven by the fundamental factors.

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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