(151,90) The GBP/JPY confirmed on Friday a strong closing in the daily chart but also the weekly one was positive suggesting further upside potential. The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are instead mixed this morning suggesting some consolidation/ correction. The move up sent overbought the indicators of the hourly chart showing also a clear negative reversal situation suggesting a potential target at 146,33. Only a return below 150,20 will however confirm the reversal resuming the decline!! We stay short for now but suggest a lot of attention!
Click here to read the full report: GBPJPY 04.22
Future Trend Research