GBP/JPY Technical Analysis

(143,85) The GBP/JPY confirmed a session of consolidation remaining interior the previous day’s range forming a new inside day with now 145,40 – 143,10 the levels to follow. A daily closing below 143,10 will support further weakness and a possible 140 undershooting!! The indicators of the daily chart turned again below the line and at the moment also those of the s/t ones are in negative territory supporting further weakness. While below the 200 hours line at 143,93 we expect a test of the 142,30 level. We remain on the side line following the inside day. We sell a break below 143,10!!

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