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GBPJPY Technical Analysis (16-20 February,2015) | February 15, 2015



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Gbpjpy is still above support level. 181.80 level is good support level for this pair. So above this level, we can see bullish movement on this pair. We can see big rejection candle on this level on H4 time frame. This indicates its bullish momentum from this support. Now 184 is acting as resistance for this pair. If it break 184, then next target will be 187 level. So our recommendation on this pair is to stay on upside above this support level.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 186.35

Resistance One (R1): 184.54

Pivot Point: 182.33

Support One (S1): 180.52

Support Two (S2): 178.31


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