(150,85) The GBP/JPY formed a positive day reversal but only a daily closing tonight above 150,31 will confirm a s/t bottom. Despite this move up we still believe this move up is corrective and will be followed by new weakness. The indicators of the daily chart are still well positive but those of the s/t ones show a mixed picture suggesting further consolidation/ correction. In the hourly chart we have already potential negative reversals suggesting a limited upside potential. We expect lower levels in the coming hours also to close the small gap up toward 150,30 Europe has since yesterday’s session!! We sold small here at 150,85!
Click here to read the full report: GBPJPY 04.17
Future Trend Research