GBP/JPY Technical Analysis comments :
THe pair GBP/JPY finaly continued its strong movement of correction of the breakout of 130.87 gave us a sell signal. Currently, the pair is testing the support at 129.84 (level 38.20%). We maintain to trade only short positions as far as 130.87 is resistance. The breakout of 129.84 will give a new sell signal. The next support is at 129.01 (level 50%). However, in case of return above 130.87, we could trade long positions.