(151,73) The GBP/JPY confirmed a further negative closing but not much lower than on Friday. Also here a monthly closing at the present level will be strong well above the top of the previous month. The indicators of the daily chart are still well positive as well as those of the monthly one, however already showing potential negative reversals. The indicators of the s/t charts are instead still showing a mixed picture with however a negative bias. While below 152,25 on an hourly closing we expect further weakness suggesting a s/t target at 150,72!! We stay on the sideline while remaining short, still more comfortably!!
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