(122,60)The GBP/JPY confirmed a strong closing above the resistance of the positive outside day at 121,20 supporting further strength. Possible a direct extension of the move up toward the 200 days line, now found a 124,51. The indicators of the daily chart are well positive as well as those of the s/t ones supporting higher levels. We have however overbought conditions and this could start limiting the upside. We favour however the confirmation of the s/t target at 123,35 before retracing back down!!
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FUTURE TREND RESEARCH