(141,10) The GBP/JPY confirmed further consolidation interior the inside day with 144,40 – 140,70 still the levels to follow in the coming hours. Only a daily closing below 140,70 will support a firm 140 undershooting, scenery that we still favour!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones are below the line supporting further weakness. In the s/t charts we have a S_H_S formation with the neck line already broken at 141,25. While below the 200 hours line at 142,80 we expect a deeper correction suggesting a test below 140!!
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