(157,75) The GBP/JPY is still consolidating interior the inside day with 158,35 – 156,50 still the levels to follow in the coming hours. Only a daily closing above 158,55 will support further strength. The indicators of the daily chart are however still well positive while those of the s/t ones are still showing a mixed picture suggesting further consolidation. However, the hourly chart is showing a possible s/t top suggesting a possible return lower. For this reason, we try a small short position here 157,73 with a stop above 158,55. The signal is not too strong but we believe it’s worth for a try
Read the full report: GBPJPY 09.17
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