Sentiment : 130.50 130
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.
Chart of the pair GBP/JPY - Timeframe 4H - Zoom in :
Chart of the pair GBP/JPY - Timeframe 4H - Zoom out:
GBP/JPY Live Chart - Timeframe : 4h