|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 128.86 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 128.86, we will be neutral between this level and 129.50.
The breakout of 129.50 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 :|
|Chart of the pair GBP/JPY - Timeframe 4H - Zoom out:|
|GBP/JPY Live Chart - Timeframe : 4h|