(151,25) The GBP/JPY is confirming some consolidation interior a range 152,25 – 150,75. An hourly closing below 150,75 will support a return below 150, the scenery we favour and not just because we’re short!! The monthly closing was instead strong!! The indicators of the daily chart are still positive but now just at the line while those of the monthly one are also positive, however showing potential negative reversals. The indicators of the s/t charts are still showing a mixed picture supporting further consolidation. While below 152,25 on an hourly closing we expect further weakness suggesting a s/t target at 150,72!! We stay on the sideline while remaining short, still more comfortably!!
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