(143,20) The GBP/JPY already formed a positive day reversal after a 142 undershooting postponing further weakness. The indicators of the daily chart are however still well negative but those of the s/t ones turned above the line for now supporting further upside potential. However, the faster hourly RSI is showing a potential negative reversal that could limit the upside but also here the signal is not as strong as we would like. Only a move below 141,90 will support lower levels!! We stay on the sideline.
Click here to read the full report: GBPJPY 01.30
Future Trend Research