(153,20) The GBP/JPY confirmed further consolidation interior the inside day with 153,85 – 151,75 the levels to follow; a break of the resistance confirmed by a daily closing will favour a direct extension of the move up toward the 156 area, move that we expect to be corrective!! The indicators of the daily chart are well positive but also showing already potential negative reversals. The indicators of the s/t charts are also positive supporting higher levels. In the s/t only an hourly closing below 152,40 will postpone the move up favouring a deeper correction with the 200 hours line already at 152,20 the attraction! We suggest waiting for a decent correction to buy for a move toward 155!!
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