(149,05) The GBP/JPY confirmed on Friday a session of consolidation remaining interior the previous day’s range forming a new inside day with 150,80 – 147,00 the levels to follow in the coming hours. A possible break of the support will favour further weakness with the 200 hours line at 140,23 the attraction. Friday’s closing could however have confirmed a S_H_S formation, scenery that only a return above 154,25 will be able to abort!! The indicators of the daily chart are still well negative as well as those of the weekly one. The indicators of the s/t charts are positive this morning suggesting some consolidation/ correction with the 200 hours line at 150,91 the top!! We wait for further confirmations but overall expect this cross lower!!
Read the full report: GBPJPY 06.17
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