(146,35) The GBP/JPY confirmed on Friday a further strong closing in the daily as well as in the weekly chart suggesting further upside potential. The indicators of the daily chart are however still below the line for now while those of the weekly one are posit6ive but heavy overbought and showing potential negative reversals. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. Only an hourly closing below 144,90 will however support lower levels with the 200 hours line at 143,40 the first attraction!! We stay on the sideline still waiting for a decent correction!!
Click here to read the full report: GBPJPY 02.04
Future Trend Research