GBP/JPY Technical Analysis
(British Pound / Yen)

gbpjpy
gbpjpy


Updated the:
07/18/2014
GBP/JPY : Medium term bullish channel output

Sentiment :
sentiment sur la parité AUD/USD
174.20
sentiment sur la parité AUD/USD
173.70
sentiment sur la parité AUD/USD

--- Follow up analysis ---
After to have stumbled on its new medium term bearish slant (purple dotted line), the pair GBP/JPY has relaunched its correction. The price has broken its low of July following the break of the support at 173.22. This morning, the price has just completed a pullback on this level, after a rebound on the upper limit of its short term bearish channel (orange lines).

We advise to trade only short positions (sell) as far as 173.70 is resistance. The breakout of 173.22 will give a new sell signal and should open the way towards 172.45.

In case of return above 173.70, we will advise to remain neutral between this level and 174.20 (upper limit of the medium term channel).
Full analysis

Analysis published by Bruno Dupray, the 07/18/2014 at 09h00 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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