(139,35) The GBP/JPY confirmed as well further strength and a strong closing even despite a swift correction. We have to expect a retest of the 140 level. The slope of the move up is getting steeper and dangerous!! The indicators of the daily chart are still well positive but also still well overbought. Those of the s/t charts are also positive but still showing overbought conditions. In the s/t only an hourly closing below 139,00 will postpone further strength favouring a correction that should however find support at the support line at 138,50! We sold small at 139 as suggested bringing the average to 136,65.
Click here to read the full report: GBPJPY 12.28
Future Trend Research