(152,68) The GBP/JPY is still confirming further consolidation interior the inside day with 155,75 – 151,65 still the levels to follow in the coming hours. Only a daily closing below 151,65 will support a larger correction toward 146!! The indicators of the daily chart are still well negative while those of the s/t charts are still showing a mixed picture that could however turn negative in case of an hourly closing below 151,90!! While below the 200 hours line at 153,13 we expect further weakness for this cross!! We stay on the sideline following the inside day.
Read full report: GBPJPY 06.05
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