(143,23) The GBP/JPY confirmed a retest of the 144,25 level, the level of the right should of the suggested S_H_S formation that has not been broken yet! The daily closing was however strong suggesting further upside potential!! The indicators of the daily chart are however still well negative but those of the weekly one are positive but well overbought and showing potential negative reversals. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. We expect a return toward the 200 hours line, now found at 142,09. We stay on the sideline!
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Future Trend Research