(158,43) The GBP/JPY confirmed a negative closing while however still consolidating interior the inside day with 160,15 – 157,80 still the levels to follow. The indicators of the daily chart are still well positive but those of the s/t ones turned all below the line suggesting further consolidation/ correction. The drop confirmed the expected test of the 200 hours line where this cross found some support. While above 158,17 on an hourly closing we favour another test on the upside, scenery supported also by potential positive reversals. Nevertheless we prefer remaining on the side-line waiting for stronger signals!
Read the full report: GBPJPY 09.24
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