|GBP/JPY Technical Analysis comments :|
|The pair GBP/JPY has opened the week on a bullish gap, allowing the price to exit its bearish channel (black lines) and broke the resistance at 123.34 (new buy signal).|
All indicators are bullish.
We continue to advise long positions as far as 122.58 is support.
The breakout of 125.28 (level 50%) will give a new buy signal and open the way towards 126.81 (level 61.80%).
In case of return below 122.58, we will wait the breakout of 121.86 to advise short positions.
|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