(150,65) The GBP/JPY confirmed a positive closing while however remaining interior the previous day’s range forming a new inside day 151,30 – 148,00 the levels to follow in the coming hours. While below 151,30 on a daily closing we expect further downside pressure. The indicators of the daily chart are still well positive while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. In the hourly chart we however still potential negative reversals suggesting a limited upside potential. A move below the support line at 149,30 will suggest a possible s/t target at 145,58!! We stay short for now!
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Future Trend Research