(154,00) The GBP/JPY confirmed a few positive closings, even strong ones suggesting further upside potential. The indicators of the daily chart are still positive with fresh bearish divergences confirm a positive tone. The indicators of the s/t charts are instead mixed supporting some consolidation/ correction. While below 154,50 on an hourly closing we favour an extension of the correction toward the 200 hours line, now found at 152,48. This decline will be corrective. We stay on the side-line while remaining short!
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