(142,15) The GBP/JPY confirmed a negative closing on Friday while remaining interior the previous session’s range forming a new inside day with 144,40 – 140,70 the levels to follow in the coming hours. A daily closing below 140,70 will support a firm 140 undershooting!! The indicators of the daily chart are still well negative supporting lower levels. Those of the weekly one remain however well positive but overbought and showing potential negative reversals. The indicators of the s/t charts are also negative supporting further consolidation/ correction. While below the 200 hours line at 142,66 we expect a deeper correction suggesting a test of the key level at 140,50!!
Click here to read the full report: GBPJPY 01.21
Future Trend Research