(150,27) The GBP/JPY confirmed a weak closing last night well below the low of the previous several sessions as well as below the support of the inside day at 151,65 suggesting further weakness. We expect an extension of the decline toward the support line at 147,00!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. In the s/t only an hourly closing above 151,60 will postpone further weakness favouring a rally toward the 200 hours line now found at 1,5297. This possible move up is a selling opportunity!! We wait for possible higher levels to sell!!
Read the full report: GBPJPY 06.07
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