(145,17) The GBP/JPY formed a negative day reversal but only a daily closing tonight below 145,20 will confirm a s/t top favouring lower levels. The indicators of the daily chart are still well below the line for now supporting lower levels and this morning also those of the s/t ones are negative supporting further weakness. In the hourly chart the cross is completing a S_H_S formation with the neck line at 144,80; an hourly closing below this line will support further weakness. We stay on the sideline still waiting for a decent extension of the correction!!
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