|GBP/JPY Technical Analysis comments :|
|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 :
Chart of the pair GBP/JPY - Timeframe 4H - Zoom out:
GBP/JPY Live Chart - Timeframe : 4h