GBP/JPY Technical Analysis
(British Pound / Yen)

gbpjpy
gbpjpy


Updated the:
04/22/2014
GBP/JPY : 169.59 - Key level on the pair

Sentiment :
sentiment sur la parité AUD/USD
171.50
sentiment sur la parité AUD/USD
171
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair GBP/JPY has continued its upward trend with a low volatility in recent days. The break of the short-term resistance at 172.15 gave us a new buy signal and the price has now in line of sight the major resistance at 173 (gathering all the yearly highs). In the short term, the price takes support on a new bullish slant (blue segment).

We continue to advise long positions (buy) as far as 171.50 is support. The breakout of 173 will give a new strong buy signal and should allow the price to reach 174 points.

In case of return below 171.50, we will advise to remain neutral between this level and 171. This level corresponds to the crossing point of the medium-term bullish slant (black line).
Full analysis

Analysis published by Bruno Dupray, the 04/22/2014 at 09h30 GMT+2


Chart of the pair GBP/JPY - Timeframe 1H
GBP/JPY Technical Analysis

Chart of the pair GBP/JPY - Timeframe 4H
GBP/JPY Technical Analysis

Live GBP/JPY Chart - Timeframe : 1H*
Chart powered by:
ProRealTime Forex