Updated the:
06/26/2012
GBP/JPY Technical Analysis comments :
Sentiment :
sentiment
124.35
sentiment
123.75
sentiment
The pair GBP/JPY has continued yesterday its correction and got back below the support at 124.35.
The pair has also broken its bullish slant (purple line).
All indicators are bearish.
We are neutral between 123.75 (level 38.20% of fibonacci retracements) and 124.35.
We advise to wait an exit of this range to take position:
- Long above 124.35. The breakout of 125.28 (level 50%) will give a new buy signal
- Short below 123.75. The breakout of 123 will give a new sell signal.
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