Updated the:
05/17/2012
GBP/JPY Technical Analysis comments :

Sentiment :
sentiment
129.50
sentiment
128.86
sentiment
The pair GBP/JPY finaly took up its bearish movement yesterday and is currently testing the support at 127.70.
The pair is moving along the upper band of its former falling wedge (purple lines).
All indicators are bearish.
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 :
GBP/JPY
 
Chart of the pair GBP/JPY - Timeframe 4H - Zoom out:
GBP/JPY
GBP/JPY Live Chart - Timeframe : 4h
Chart