(151,57) The GBP/JPY confirmed yesterday a direct extension of the move up already testing the 152 area on the way toward the m/t target at 155,08. Since last week the move up was impressive with the slope of it now very steep. The indicators of the daily chart are well positive, even those of the weekly one where we have however still overbought conditions and positive negative reversals. The indicators of the s/t charts are also above the line but already well overbought. We suggest waiting for a decent correction to buy for a move toward 155!!
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Future Trend Research