(152,73) The GBP/JPY is 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 supporting further consolidation!! While below the 200 hours line at 153,10 we expect further weakness for this cross!! Only an hourly closing above 153,80 will support a retest of the upper side of the range. We stay on the sideline following the inside day.
Read the full report: GBPJPY 06.06
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