Gbpjpy has been rejected from fibo 61.8% level at 182.68. From that level, it has pulled back two times. So this level is acting as strong support level for this pair. From this support we saw bullish engulfing candle on daily. Second time rejection, it made big legged pin bar from same support level. So this is good sign for buy. We can buy from this level and we can target 185 and then 188 level.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 185.61
Resistance One (R1): 184.39
Pivot Point: 182.95
Support One (S1): 181.73
Support Two (S2): 180.29
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