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HomeContributorsTechnical AnalysisGBP/JPY Pressuring A Support Level

GBP/JPY Pressuring A Support Level

MultiBank Exchange Group
By MultiBank Exchange Group

The rate has dropped today’s and resumed the Friday’s minor drop. Price is pressuring the 148.46 static support (resistance turned into support), but only a valid breakdown will signal a drop towards the first warning line (WL1) of the ascending pitchfork. However, a consolidation above the 148.46 will lead the rate towards the 151.66 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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