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HomeContributorsTechnical AnalysisGBP/JPY More Downside In View

GBP/JPY More Downside In View

MultiBank Exchange Group
By MultiBank Exchange Group

Price increased a little and retests the 148.46 static resistance. GBP/JPY is somehow expected to drop further on the short term after the failure to stay above the 250% Fibonacci line (ascending dotted line). The next downside target will be at the WL1of the ascending pitchfork.

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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