Thread: Gbp/ jpy

GBP/ JPY Forex Analysis

British Pound -Yen

gbpjpy-31jan.jpggbpjpy-31jan1.JPG

Below is a snap shot of my analysis to get the full analysis with graphs click here

GBP/JPY drew some support from 126.56 and if the resistance at 130.000 breaks we could see more upside. A at 130.000 will confirm resumption of whole rise from 117.00. The choppy decline from 163.00 is viewed as part of the down trend from 251.00. Current development is starting to suggest that such fall is finished. Focus is now turned to 140.00 key resistance. Sustained break there will firstly indicate completion of fall from 163.00. More importantly, this will also signal completion of the whole down trend from 2007 high of 251.00. In such case, stronger rise should be seen back to retest on 163.00
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Hi, there, could someone told me that at which point I could buy GBP/JPY? Many thanks.

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