(136,55) The GBP/JPY confirmed yesterday even a 137,80 overshooting before turning again lower. The closing was still very strong. The indicators of the daily chart are still well positive but also well overbought and last night we had this kind of level was in December 2001 when GBP/YEN went from 175 to 191,60. The indicators of the s/t charts have already returned below the line supporting further consolidation/ correction. Only an hourly closing below 136,30 will however confirm lower levels!! Only an hourly closing above 137,25 will resume the move up!
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