(158,00) The GBP/JPY formed a negative day reversal but only a daily closing below 158,45 will confirm a s/t top. The pair failed also yesterday to break above 160,00 where we have now a potential double top formation; only a daily closing below 157,15 will however confirm the pattern supporting a decent correction! The indicators of the daily chart are now at the line but those of the s/t ones are in negative territory supporting lower levels. We wait for confirmations but overall expect this cross to move lower toward 155!!
Read the full report: GBPJPY 10.02
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