GBP/JPY Analysis

GBP/JPY Analysis
- British Pound vs Yen -
(Forex Currency Pair Analysis)

GBP/JPY Chart - TimeFrame: 4h GBP/JPY

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GBP/JPY Analysis
GBP -> British Pound -> Currency of United Kingdom
JPY -> Yen -> Currency of Japan

The GBP/JPY Currency pair represents the value of 1 British Pound in Yen.
The Technical Analysis of GBP/JPY Currency Pair is a study of the charts using different indicators and Chart Patterns. The following Forex Analysis is made on a 4 hours TimeFrame of the GBP/JPY Currency Pair. Each day, at 9h CET, The GBP/JPY Currency Pair is analyzed by our team.
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Updated the:
05/18/2012
GBP/JPY Technical Analysis comments :

Sentiment :
sentiment sur la parité EUR/CHF
127.67
sentiment sur la parité EUR/CHF
126.70
sentiment sur la parité EUR/CHF
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.

Chart of the pair GBP/JPY - Timeframe 4H - Zoom in :
GBP/JPY Technical Analysis
 
Chart of the pair GBP/JPY - Timeframe 4H - Zoom out:
GBP/JPY Technical Analysis




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