GBP/JPY Technical Analysis comments :
A strong rebound occured on the support at 129.84 (level 38.20%) until 132.52 (level 0%). The return above 130.87 gave us a before the buy signal. Currently, the pair GBP/JPY seems to test a pullback on this level as support. We maintain to trade only long positions as far as this level is support. The breakout of 131.72 will give a new buy signal. However, if 130.87 is broken, we could trade short positions.