(140,72) The GBP/JPY confirmed a strong closing above Friday’s top while however still confirming further consolidation interior the inside day with 143.30 – 137,70 still the levels to follow in the coming hours. The indicators of the daily chart are still well negative while those of the s/t ones are mixed suggesting further consolidation. Only an hourly closing below 139,00 will resume the decline suggesting a possible s/t target at 133,46!! Already a move below 139,80 will signal lower levels. Only a move above 141,50 will postpone further weakness favouring a higher retracement!!
We are still waiting for higher levels to sell again!!
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Future Trend Research