GBPJPY Weekly Technical Analysis (1-5 June,2015) | May 30, 2015

Gbpjpy is staying just below 190 resistance area. It is trying to break this level. But we can see bearish divergence on this pair. So this pair should fall in the next week if it can hold below 190.70 area. If it can break 188.70 area, then this pair can fall more. So we need to get confirmation before taking entry.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 192.34

Resistance One (R1): 191.07

Pivot Point: 189.42

Support One (S1): 188.15

Support Two (S2): 186.50