Updated the:
05/10/2012
GBP/JPY Technical Analysis comments :

Sentiment :
sentiment
130.15
sentiment
129.50
sentiment
The pair GBP/JPY has continued yesterday its bearish movement and the breakout of 128.85 gave us a new sell signal.
Then, the pair has rebounded on 128 and is now moving towards a pullback on 128.85 as resistance.
All indicators are bearish.
The pair is moving into a falling wedge (purple lines - reversal pattern).
We continue to advise short positions as far as 129.50 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 129.50, we will be neutral between this level and 130.15.
The breakout of 130.15 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