(138,60) The GBP/JPY still confirmed a negative closing while however remaining interior Monday’s range forming a new inside day with143.30 – 137,70 the levels to follow in the coming hours. A daily closing below 137,70 will support further weakness suggesting a possible drop even toward the 135 area!! The indicators of the daily chart are still well negative and showing potential positive reversals. The indicators of the s/t charts are mixed at the moment supporting some consolidation/ correction. Only an hourly closing above 140,20 will however postpone further weakness favouring a rally toward the 200 hours line, now found at 142,72!! We wait for a sensible correction to sell again but only close to the 200 hours line!!
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