(145,20) The GBP/JPY confirmed a weak closing last night below the low of the previous session. However, only a daily closing below 145,00 will confirm the double top the cross is forming at 147,90!! The indicators of the daily chart are still well negative supporting lower levels and at the moment also those of the s/t ones are below the line supporting further weakness. The double top was already confirmed by the hourly chart suggesting a possible move toward the support line at 143,40. The potential target is however 142!! We stay on the sideline still waiting for a decent extension of the correction!!
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Future Trend Research