|GBP/JPY Technical Analysis comments :|
|The pair GBP/JPY continues to move below the resistance at 128.86 and is using the upper band of its former falling wedge as support.|
Indicators are mitigated.
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 :|
|Chart of the pair GBP/JPY - Timeframe 4H - Zoom out:|
|GBP/JPY Live Chart - Timeframe : 4h|