(153,55) The GBP/JPY is also still confirming further consolidation interior the inside day with 155,75 – 151,65 still the levels to follow in the coming hours. Only a daily closing below 151,65 will support a larger correction toward 146!! The indicators of the daily chart are still well negative while those of the s/t charts are still showing a mixed picture supporting further consolidation. While below 154,65 on an hourly closing we expect further weakness toward 151,51. We stay on the sideline.
Click here to read the full report: GBPJPY 05.31
Future Trend