(140,63) The GBP/JPY confirmed another weak closing below the low of the previous session suggesting further weakness and therefore a possible direct move below 140!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are still below the line supporting further weakness. Fresh bullish divergences in the hourly chart confirm the negative tone. The drop below 141 confirmed already a negative reversal in the hourly chart suggesting a s/t target at 140,12. We expect further weakness that only a return above 141,00 confirmed by an hourly closing will be able to postpone!! We stay on the sideline!
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Future Trend Research