(141,05) The GBP/JPY confirmed a weak closing below the support of the big negative outside day at 141,80 suggesting further weakness and this should mean a possible 140 undershooting!! The indicators of the daily chart are still well negative and this morning also those of the s/t ones turned below the line supporting further weakness. Fresh bullish divergences in the hourly chart confirm the negative tone. Possible rebounds are therefore selling opportunities but for now only close to the 200 hoursl ine that we find still only at 142,98!! We stay on the sideline!
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