(140,11) The GBP/JPY confirmed another session of consolidation remaining interior the inside day with 143.30 – 137,70 still the levels to follow in the coming hours. Only 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 turned instead positive supporting further s/t strength. Possible therefore an extension toward 141,50 with even a possible overshooting toward the 200 hours line, now found at 142,17. This move up is corrective and a selling opportunity. We wait for higher levels to sell again!!
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