(140,75) The GBP/JPY is confirming further consolidation interior Friday’s inside day with 142,20 – 140,00 still the levels to follow in the coming hours. Only a daily closing below 140,00 will support a larger correction. The indicators of the daily chart are still positive but just at the line and however still overbought. The indicators of the s/t charts are instead negative at the moment suggesting further consolidation/ correction. However, only an hourly closing below 140,15 will confirm a deeper correction! We stay short while waiting for confirmations.
Click here to read the full report: GBPJPY 01.08
Future Trend Research