(139,35) The GBP/JPY confirmed even a 138 undershooting last night before finding enough support for a decent rebound that already confirmed a retest of the 140,60 level. While below this resistance we expect a retest of the lows with even a possible undershooting toward 136!! The indicators of the daily chart are still well negative now showing potential positive reversals. The indicators of the s/t charts are also negative showing oversold conditions.. We expect a retest of the lows. We closed last night our position at 139,10 not far from where we are now!!
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