(141,85) The GBP/JPY confirmed last night another weak closing suggesting the cross has already a top in place. After a possible correction, even toward 143,00, we should be able to see a possible break below 140!! The indicators of the daily chart are still well negative supporting lower levels. The indicators of the s/t charts are instead mixed supporting further consolidation/ correction. An hourly closing above 142,25 will favour even an extension toward the 143,00 resistance area before however turning lower. We expect lower levels, scenery that only a move above 143,75 will probably abort!!
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Future Trend Research