(135,20) The GBP/JPY confirmed another strong closing last night above the previous top favouring a firm 135 overshooting. Still possible a direct extension toward the 137 area. The indicators of the daily chart are still well positive but overbought and also those of the s/t ones are positive but overbought with bearish divergences in the 4h chart supporting a positive tone. While above 135, we expect further s/t strength toward 137, move that we still want to sell, increasing the small position we have, for a return toward the 134 area. Don’t forget the 200 hours line is found at 132,89!!!!
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Future Trend Research