(122,25)The GBP/JPY formed a negative day reversal but only a daily closing below 121,40 will confirm a s/t top. A move above 122,90 will instead support a direct extension of the move up toward the 200 days line at 124,46. The indicators of the daily chart are still well positive but those of the s/t ones turned mixed supporting some consolidation. While below 122,50 on an hourly closing we favour an extension of the decline toward the 200 hours line at 120,89!! We remain on the sideline
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FUTURE TREND RESEARCH