Updated the:
06/22/2012
GBP/JPY Technical Analysis comments :
Sentiment :
sentiment
124.35
sentiment
123.75
sentiment
The pair GBP/JPY continues to test the resistance at 125.28 (level 50% of fibonacci retracements).
The pair is still moving above its bullish slant (purple line).
All indicators are bullish.
We continue to advise long positions as far as 124.35 is support.
The breakout of 125.28 will give a new buy signal and open the way towards 126.81 (level 61.80%).
In case of return below 124.35, we will wait the breakout of 123.75 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