GBP/JPY Technical Analysis (British Pound / Yen)

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February 19, 2013 2:16 AM EST

Forextribe
Updated the:
02/18/2013
GBP/JPY : Resumption of the uptrend

Sentiment :

144

143

--- Follow up analysis ---
Last Friday, a strong rebound occured on the pair GBP/JPY, allowing the validation of our medium-term bullish slant (purple line - 3 points of contact). 143 also acted as support. The price is back above our neutral zone. The return above 145 gave us a buy signal. Currently, the pair is testing a major resistance on the short and medium term at 146.

We continue to advise long positions as far as 144 is support (level of the slant). The break of 146 would allow a return on the highs at 148.

In case of return below 144 (which will mark a break of the bullish slant), we will be neutral between this level and 143 (last low).
Full analysis

Analysis published by Bruno, the 02/18/2013 at 8h50 GMT+2

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