(144,20) The GBP/JPY confirmed a weak closing last night below the low of the previous session. However, only a daily closing below 143,89 will confirm lower levels suggesting the cross has formed a s/t top at 145,90!! The indicators of the daily chart are still well negative supporting lower levels while those of the s/t ones are showing a mixed picture. In the hourly chart the cross confirmed however a negative reversal suggesting a s/t target at 141,51. We stay on the sideline still waiting for a decent extension of the correction!!
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Future Trend Research