(152,62) The GBP/JPY confirmed a positive closing last night but it failed to confirm one above the resistance of the inside day at 153,35; possible further strength but don’t see big upside potential. The indicators of the daily chart are still well positive but those of the s/t ones are negative or very close to turn below the line supporting a correction. While below 152,67 on an hourly closing we expect this cross to move lower toward the 200 hours line now found at 151,28!! This decline will be corrective and a buying opportunity! We wait for lower levels!
Read the full report: GBPJPY 08.20
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