GBP/JPY Technical Analysis (British Pound / Yen) - Forex
International Business Times
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February 1, 2013 1:58 AM EST

Forextribe
Updated the:
01/31/2013
GBP/JPY : Resumption of the uptrend

Sentiment :
sentiment sur la parité AUD/USD
142
sentiment sur la parité AUD/USD
139.56
sentiment sur la parité AUD/USD

--- Follow up analysis ---
After a pullback on the support at 142 and its long term bullish slant (blue line), the pair GBP/JPY is currently testing for the 4th time the resistance at 144. The breakout of this level is expected soon and should cause a further upward acceleration to 146 and 148.

The bullish scenario is reinforced by the presence of a short bullish slant (purple dotted line) which form an ascending triangle with the resistance at 144. We continue to advise long positions as far as 142 is support.

In case of return below that level, we will be neutral between 142 and the major support at 139.56.
Full analysis

Analysis published by Bruno, the 01/31/2013 at 9h30 GMT+2

- Complete sheet of the pair GBP/JPY - Previous GBP/JPY Analysis -
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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