GBP/JPY Technical Analysis
(British Pound / Yen)

gbpjpy
gbpjpy


Updated the:
04/17/2014
GBP/JPY : 169.59 - Key level on the pair

Sentiment :
sentiment sur la parité AUD/USD
171
sentiment sur la parité AUD/USD
170.50
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The resumption of the upward trend has been confirmed yesterday on the GBP/JPY by the break of the resistance at 171.47. After to have stumbled on 172 points, the pair seems to make a break this morning and evolves horizontally above 171.47.

We advise to trade only long positions (buy) as far as 171 is support. This level corresponds to the crossing point of the medium-term bullish slant (black line). The breakout of 172.15 will give a new buy signal and should allow the price to reach the major resistance at 173 points (level gathering all yearly highs).

In case of return below 171, we will advise to remain neutral between this (former last highs) level and 170.50.

ps: Traders with a more aggressive strategy could the pair according to 171 (long above ; Short below)
Full analysis

Analysis published by Bruno Dupray, the 04/17/2014 at 09h05 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

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