The GBP / JPY has a setback yesterday on the substrate 128 and is currently testing a return above the resistance at 129.42.
All indicators are bullish.
Parity is still evolving over its bullish slant (purple line).
We continue to advise long positions as the support is 127.56.
Back above 129.42 would strengthen our bullishness.
The breakout of 130 will give a new buy signal and open the way to 131.
In case of return below 127.56, we will be neutral between this level and 126.70.
The break would give 126.71 a sell signal.
All indicators are bullish.
Parity is still evolving over its bullish slant (purple line).
We continue to advise long positions as the support is 127.56.
Back above 129.42 would strengthen our bullishness.
The breakout of 130 will give a new buy signal and open the way to 131.
In case of return below 127.56, we will be neutral between this level and 126.70.
The break would give 126.71 a sell signal.
