(149,10) The GBP/JPY confirmed another weak closing last night below the low of Friday suggesting this cross has formed a s/ top and we should therefore be able to see even lower levels!! The indicators of the daily chart closed at the line while those of the s/t ones are mixed this morning suggesting some consolidation/ correction. We expect the move up to be corrective and a selling opportunity. Before resuming the decline it is possible a retest of the 200 hours line, now found at 150,54. We wait for higher levels to sell for a retest of last night’s low!!
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Future Trend Research