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GBPJPY Weekly Technical Analysis | December 13, 2014



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GBPJPY faced support at 21 EMA. After big fall last week, this pair rejected from 21 EMA. This 21 EMA on daily chart is acting as good support for this pair. 185 area is key support for this pair. Below this level, it can go more down and then target will be 182 area. On the other side, this pair is still uptrend, so bullish rally can start again. Primary target will be 190 area, then 194 level.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 192.66

Resistance One (R1): 190.94

Pivot Point: 187.99

Support One (S1): 186.27

Support Two (S2): 183.32


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