The GBP/JPY confirmed lower levels finding some support in the 122,30 area. While below 123,15 we could see further weakness toward 121,50!
The indicators of the daily chart are however still positive but not just at the line while those of the s/t ones are in negative territory supporting further pressure.
Only an hourly closing above 123,15 will postpone further weakness supporting a rebound with the 200 hours line at 124,31 the attraction.
For now we prefer remaining on the sideline.
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FUTURE TREND RESEARCH