GBP/JPY Technical Analysis
(British Pound / Yen)

gbpjpy
gbpjpy


Information
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Updated the:
07/29/2014
GBP/JPY : Medium term bullish channel output

Sentiment :
sentiment sur la parité AUD/USD
173.60
sentiment sur la parité AUD/USD
173.23
sentiment sur la parité AUD/USD

--- Follow up analysis ---
For several days, the pair GBP/JPY moves horizontally between 172.75 and 173.23. This morning, the price is testing the upper limit of the range. The price is close from its medium term bearish slant (purple dotted line) and a new contact could revive the bearish movement.

We advise to trade only short positions (sell) as far as 173.23 is resistance. The breakout of 172.75 will give a new sell signal and should open the way towards 172.46 and 172 in extension.

In case of return above 173.23, we will advise to remain neutral between this level and 173.60.
Full analysis

Analysis published by Bruno Dupray, the 07/29/2014 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*
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