(141,58) The GBP/JPY confirmed last night a weak closing below the support of the negative outside day at 142,75. A daily closing tonight below 141,66 will confirm a s/t top for this cross supporting further weakness!! The indicators of the daily chart have turned negative and also those of the s/t ones are negative supporting further consolidation/ correction. The drop already formed bullish divergences in the hourly chart suggesting a change of the tone to negative supporting a direct extension of the decline. We expect therefore a possible move toward the support line at 139,90. We remain on the sideline waiting for lower levels!
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Future Trend Research