(155,75) The GBP/JPY still confirmed a positive closing but it start finding some good resistance close to the May’s high at 156,77. Only a break above this level confirmed by a daily closing will open the way for a stronger extension suggesting a target at 163,76!! The indicators of the daily chart are still well positive but those of the s/t ones turned mixed suggesting some consolidation/ correction. An hourly closing below 155,50 will favour a deeper retracement toward 154,70 if not even the 200 hours line, now found at 153,53! We still suggest waiting for a decent correction to buy!!
Read the full report: GBPJPY 09.06
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