The GBP/JPY confirmed a strong daily closing and also the monthly one was strong above the top of the previous one managing even to turn positive the indicators of the monthly chart!!
The indicators of the daily chart are still well positive while those of the s/t ones turned mixed supporting some consolidation/ correction. Only an hourly closing below 124,55 will postpone further strength causing instead an extension of the correction toward the 122,50 area while the 200 hours line is found still only at 122,23.
We got stopped out and for the moment prefer remaining on the sideline
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http://www.easyforexnews.net/wp-content/uploads/2011/11/GBP-JPY-11.01.pdf
FUTURE TREND RESEARCH
