GBP/JPY Technical Analysis comments :
The pair GBP/JPY took up its bullish movement, taking support on the bullish slant and also on the level 23.60% at 130.87 of fibonacci retracements. The pair is currently testing the resistance at 132. We maintain to trade only long positions as far as 130.87 is support. The breakout of 132 will give a new buy signal. The next resistance is at 132.52.