Updated the:
05/08/2012
GBP/JPY Technical Analysis comments :

Sentiment :
sentiment
130.50
sentiment
130
sentiment
The pair GBP/JPY made a false breakout of the support at 128.85 yesterday and is currently testing a pullback on 129.50.
Indicators are globaly bearish.
We continue to advise short positions as far as 130 is resistance.
The breakout of 128.85 will give a new sell signal and open the way towards 127.70.
In case of return above 130, we will be neutral between this level and 130.50.
The breakout of 130.50 will give a new buy signal.
Complete sheet of the pair GBP/JPY - Previous GBP/JPY Analysis
Chart of the pair GBP/JPY - Timeframe 4H - Zoom in :
GBP/JPY
 
Chart of the pair GBP/JPY - Timeframe 4H - Zoom out:
GBP/JPY
GBP/JPY Live Chart - Timeframe : 4h
Chart