(136,10) The GBP/JPY confirmed another strong closing last night above Friday’s top on the way for a test of the 137 area where we expect decent resistance and from where we favour a firm correction. The indicators of the daily chart are still well positive while those of the s/tones are rather mixed this morning suggesting further consolidation. Since yesterday the cross is consolidating interior an inside hour with 136.70 – 134,80 the levels to follow in the coming hours. An hourly closing above 136,80 will favour a 137 overshooting, move that we still want to sell.
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Future Trend Research