(152,05) The GBP/JPY confirmed a negative closing reversing a little the previous day’s performance. The weekly one was however still positive!! The indicators of the daily chart are still well positive as well as those of the weekly one where we have however still overbought conditions!! The indicators of the s/t charts are instead returning above the line this morning after however having formed bullish divergences in the hourly chart suggesting a change of the tone. The move up could therefore be corrective and a selling opportunity!! We stay on the sideline while remaining short, now more comfortably!!
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