|GBP/JPY Technical Analysis comments :|
|The pair GBP/JPY made yesterday a new pullback on the upper band of its bearish channel (black lines) and is currently testing the resistance at 124.38.|
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 :
Chart of the pair GBP/JPY - Timeframe 4H - Zoom out:
GBP/JPY Live Chart - Timeframe : 4h