GBPJPY Weekly Technical Analysis (6-10 July, 2015) | July 4, 2015

Gbpjpy has found bearish power after big bullish rally. After down gap, this pair is falling. This pair has faced 200 ema and sma on h4 time frame. Now it will be critical resistance level for this pair. We can see on h4 chart, this pair has also broken 100 ema and sma. Below these moving averages, we can expect bearish movement on this pair. With some retrace, we can take sell on this pair and target will be 188.60 level.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 194.42

Resistance One (R1): 192.65

Pivot Point: 191.73

Support One (S1): 189.96

Support Two (S2): 189.04