(158,70) The GBP/JPY formed on Friday a session of consolidation forming a new inside day with 160,15 – 157,80 the levels to follow. The weekly closing was strong supporting further strength. The indicators of the daily chart are still well positive as well as those of the weekly one where we have now even bearish divergences. The m/t tone could therefore be positive. The indicators of the s/t charts are below the line this morning supporting further consolidation/ correction with the 200 hours line at 158,11 the first attraction. We stay on the side-line waiting for a deeper correction to buy!
Read the full report: GBPJPY 09.23
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