(142,95) The GBP/JPY formed as well a negative outside day with now 144,25 – 141,90 the levels to follow in the coming hours. The indicators of the daily chart are still well below the line while and this morning also those of the s/t ones are in negative territory supporting further consolidation/ correction. Teh past strength formed further bearish divergences in the hourly chart supporting a positive tone. While above 142,00 on an hourly closing we have therefore to expect further strength with a possible s/t target at 145,80. A return above 144,00 will confirm the positive reversal re-launching the move up! We stay on the sideline also because this cross is showing a little different picture that DOLL/YEN & EUR/YEN.
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