(120,55)The GBP/JPY is confirming further consolidation interior the positive outside day with 121,20 – 119,35 still the levels to follow in the coming hours. The indicators of the daily chart are positive while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction. Only an hourly closing above 121,00 will confirm the already suggested positive reversal with a s/t target at 123,25!!! We remain on the sideline following the outside day.
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FUTURE TREND RESEARCH