(146,83) The GBP/JPY confirmed already a retest of the 148 level after the test yesterday of the 140,40 level. In the past we never had a 1 day move up of 6,45 figures, never. Only on the downside something similar!! We expect further s/t strength that will be followed by an important correction. Before moving lower we could however see a direct 150 overshooting in case of a daily closing tonight above 148,00!! The indicators of the daily chart have turned all positive and also those of the s/t ones are in positive territory supporting higher levels. We have however also well overbought conditions that in the s/t could favour a decent correction and in part we are already seeing it!! The move up confirmed a positive reversal in the daily chart suggesting a target at 155,08!! We stay on the sideline!
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Future Trend Research