(147,27) The GBP/JPY formed a positive day reversal yesterday before however plunging lower this morning breaking even below the 148,20 low. Also here the drop is confirming a S_H_S formation with the neck line at 148,45 supporting a possible drop toward the 200 days line at 139,98!! The indicators of the daily chart are still well negative as well as those of the s/t ones supporting further weakness. Possible rebounds should find resistance already at 148,40. We wait for confirmations!!
Read the full report: GBPJPY 06.13
Future Trend