(143,20) The GBP/JPY confirmed a weak closing below the support of the inside day at 143,10 suggesting further weakness that could favour a firm 140 undershooting. The indicators of the daily chart are now well negative and also those of the s/t ones are below the line this morning suggesting further pressure. The drop failed however to form bullish divergences, while the hourly indicators are still showing potential positive reversals. This could keep some upside potential; however, while below the 200 hours line at 144,06 the cross will remain under some pressure. We stay on the sideline!
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