GBPJPY formed bullish pin bar on daily chart. We can see rejection candle and candle formed as bullish. So this is bullish signal for this pair. But 187.50 area is acting as neat term resistance. So with the breakout of this resistance we can see more bullish rally on this pair. For buy entry target will be 189 level.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 188.06
Resistance One (R1): 187.63
Pivot Point: 187.03
Support One (S1): 186.60
Support Two (S2): 186.00
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