GBPJPY Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Gbpjpy is following a uptrend channel. This pair has got back bullish power again and moved near to resistance area. After rejecting from support area, this pair is moving up continuously. On daily and H4 time frame, this pair is above 100 ema and it is this indication of bullish sign on this pair. Next target on this pair is 181.60 area. For taking buy, we can follow this upward channel. It will help us to find buy entry on gbpjpy.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 183.40

Resistance One (R1): 182.01

Pivot Point: 179.59

Support One (S1): 178.20

Support Two (S2): 175.78