(141,15) The GBP/JPY failed to extend further its decline for now confirming instead a positive day reversal. A daily closing tonight above 141,05 could already support higher levels. The indicators of the daily chart are however still below the line for now and also those of the s/t ones are mixed suggesting further consolidation/ correction. The cross should find some resistance at 141,40 and the holding of this level could resume the decline also because we have already potential negative reversals in the hourly chart!! However, the break of the resistance could re-launch the move up suggesting another rally!! We keep staying short.
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Future Trend Research