Updated the:
06/19/2012
GBP/JPY Technical Analysis comments :

Sentiment :
sentiment
122.58
sentiment
121.86
sentiment
The pair GBP/JPY has filled in its opening bullish gap, making a pullback on the upper band of its former bearish channel (black linesà.
Currently, the pair is testing the support at 123.75 (level 38.20% of fibonacci retracements).
All indicators are bullish.
We continue to advise long positions as far as 122.58 is support.
The breakout of 124.38 will give a new buy signal and open the way towards 125.28 (level 50%).
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 :
GBP/JPY
 
Chart of the pair GBP/JPY - Timeframe 4H - Zoom out:
GBP/JPY
GBP/JPY Live Chart - Timeframe : 4h
Chart