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GBPJPY Technical Analysis (12-16 January 2015) | January 10, 2015



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GBPJPY is near to fibo 50% level. It fell rapidly last week and it is near to touch fibo important level. This is also a potential support area for this pair. If we see on the chart, then we can find a area which was resistance previously. So it will act as support level. We can buy from this zone if we see any bullish or rejection candle from that level on daily chart.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 186.42

Resistance One (R1): 183.04

Pivot Point: 181.04

Support One (S1): 177.63

Support Two (S2): 175.66


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