(141,22) The GBP/JPY confirmed a weak closing last night below the low of the previous session; a possible closing tonight below 140,18 will confirm a s/t top for this cross suggesting a decent correction. The indicators of the daily chart are however still well positive but still heavy overbought. The indicators of the s/t charts are mixed suggesting further consolidation/ correction. While below 141,50 we favour a deeper correction with the 200 hours line at 139,57 the first attraction. We stay short while waiting for confirmations.
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Future Trend Research