(150,27) The GBP/JPY confirmed on Friday a weak closing but only a daily closing tonight below 150,56 will confirm a top suggesting lower levels!! The indicators of the daily chart are still well positive as well as those of the weekly one where we have still overbought conditions but also bearish divergences supporting a positive tone. The indicators of the s/t charts are negative this morning suggesting further s/t pressure. On top of that bullish divergences confirm a negative tone. While below 151,75 we expect an extension of the decline toward a s/t target at 149,09. We wait for lower levels to buy!!
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