(157,80) The GBP/JPY is still consolidating interior the inside day with 158,35 – 156,50 still the levels to follow in the coming hours. Only a daily closing above 158,55 will support further strength. The indicators of the daily chart are still well positive while those of the s/t ones are also still showing a mixed picture suggesting further consolidation. GBP/YEN failed yet to confirm the small top we suggest in yesterday’ report instead keeping itself well bid above 157,50. We see however still some downside risk and for this reason we keep the shorts for now!
Read the full report: GBPJPY 09.18
Future Trend