The GBP/JPY formed a new inside day yesterday with 12265 – 120,90 the levels to follow in the coming hours.
The indicators of the daily chart are just above the line in positive territory but those of the s/t ones are still mixed suggesting further consolidation.
In the s/t only an hourly closing below 121,45 will postpone further strength favouring a deeper correction with the 200 hours line at 120,80 the first attraction. A possible decline is corrective and a buying opportunity but for now just below the 121 level!!
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