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Analysis Of The Gbp/jpy PairTitle:
Technical analysis of the GBP/JPY pair on May 22th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has rebounded on the support at 125.
The pair is still moving below the lower band of its falling wedge (purple lines).
Indicators stay globaly bearish.
We continue to advise short positions as far as 127 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 124.
In case of return above 127, we will be neutral between this level and 128.
The breakout of 128 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 21th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/JPY pair on May 21th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY is testing since last friday the support at 125.
The pair is moving below the lower band of its falling wedge (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 127 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 124.
In case of return above 127, we will be neutral between this level and 128.
The breakout of 128 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 18th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/JPY pair on May 18th, 2012
Commentary of the GBP/JPY pair :
A bearish rallye occured on the pair GBP/JPY who broke the supports at 127.70/126.70/126, giving all a new sell signal.
Currently, the pair is testing the next support at 125.
The pair is moving below the lower band of its falling wedge (purple lines)/
All indicators are bearish.
We continue to advise short positions as far as 126.70 is resistance.
The breakout of 125 will give a new sell signal and open the way towards 124.
In case of return above 126.70, we will be neutral between this level and 127.67.
The breakout of 127.67 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 17th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/JPY pair on May 17th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY finaly took up its bearish movement yesterday and is currently testing the support at 127.70.
The pair is moving along the upper band of its former falling wedge (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 128.86 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 128.86, we will be neutral between this level and 129.50.
The breakout of 129.50 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 16th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/JPY pair on May 16th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY continues to move below the resistance at 128.86 and is using the upper band of its former falling wedge as support.
Indicators are mitigated.
We continue to advise short positions as far as 128.86 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 128.86, we will be neutral between this level and 129.50.
The breakout of 129.50 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 15th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/JPY pair on May 15th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY continues to move below the resistance at 128.86 and is using the upper band of its former falling wedge as support.
Indicators are mitigated.
We continue to advise short positions as far as 129.50 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 129.50, we will be neutral between this level and 130.15.
The breakout of 130.15 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 14th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/JPY pair on May 14th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY continues to move below the resistance at 128.86 and is using the upper band of its former falling wedge as support.
Indicators are mitigated.
We continue to advise short positions as far as 129.50 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 129.50, we will be neutral between this level and 130.15.
The breakout of 130.15 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 11th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/JPY pair on May 11th, 2012
Commentary of the GBP/JPY pair :
The pair GPB/JPY got out of its falling wedge (reversal pattern) and just made a pullback on the upper band.
Indicators are mitigated.
We continue to advise short positions as far as 129.50 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 129.50, we will be neutral between this level and 130.15.
The breakout of 130.15 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 10th, 2012
GBP/JPY Analysis
Title:
Technical analysis of the GBP/JPY pair on May 10th, 2012
Commentary of the GBP/JPY pair :
The pair GBP/JPY has continued yesterday its bearish movement and the breakout of 128.85 gave us a new sell signal.
Then, the pair has rebounded on 128 and is now moving towards a pullback on 128.85 as resistance.
All indicators are bearish.
The pair is moving into a falling wedge (purple lines - reversal pattern).
We continue to advise short positions as far as 129.50 is resistance.
The breakout of 127.70 will give a new sell signal and open the way towards 126.70.
In case of return above 129.50, we will be neutral between this level and 130.15.
The breakout of 130.15 will give a new buy signal.
See the previous analysis of the GBP/JPY pair of May 9th, 2012
GBP/JPY Analysis
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