Updated the:
06/12/2012
GBP/JPY Technical Analysis comments :
Sentiment :
sentiment
121.86
sentiment
121.86
sentiment
The pair GBP/JPY just filled in its opening bullish gap and is still moving below the lower band of its former falling wedge (purple line).
All indicators stay bullish.
We continue to advise long positions as far as 121.86 (level 23.60% of fibonacci retracements) is support.
The breakout of 124.34 will give a new buy signal and open the way towards 125.28 (level 50%).
In case of return below 121.86, a sell signal will be given.
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