(156,20) The GBP/JPY confirmed on Friday another strong closing and also the weekly one was very strong. Possible further strength! The indicators of the daily chart are still well positive as well as those of the weekly one where we have overbought conditions and potential negative reversals. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. Only an hourly closing below 155,70 will however confirm lower levels!! This cross confirmed all possible targets suggesting it is now time for a sensible correction; for this reason we sold another piece of a position at 156,18!!!
Click here to read the full report: GBPJPY 05.13
Future Trend