Thu, Apr 25, 2024 @ 12:07 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisGBP/JPY Yen Demolished By Nikkei's Rally

GBP/JPY Yen Demolished By Nikkei’s Rally

MultiBank Exchange Group
By MultiBank Exchange Group

The GBP/JPY increased in the last days and now stands above the 148.46 static resistance (support turned into resistance). The Yen is punished by the Nikkei’s rally and could depreciate further versus all its rivals, not only against the Pound. A minor consolidation will send the rate towards the 151.66 static resistance.

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.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.