(142,90) The GBP/JPY is confirming a strong closing while however still confirming further consolidation interior the inside day with 143.30 – 137,70 still the levels to follow in the coming hours. A daily closing above 143,30 will support further strength suggesting a 145 overshooting!! The indicators of the daily chart are still well negative but those of the s/t ones are now positive supporting further possible strength. We have however still clear negative reversals. Since this morning we have however also bearish divergences in the hourly chart suggesting a positive tone. We stay on the side line. In case of a direct 145 overshooting we go short. Instead in case of a correction, scenery that we favour, we wait for a possible retest of the 200 hours line at 140,53 to buy!!
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