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GBPJPY Weekly Technical Outlook (2-6 March, 2015) | March 1, 2015
Gbpjpy has been pulled back from support area again. 183.50-183.70 area is near term resistance for this pair. From this level, this pair has been rejected for several times. So we can take this level as good support zone. Above this level, we can stay on buy side. It is also facing resistance at 185 level. If we can see any breakout of this level, then we will see more bullish movement on this pair. As this pair is still on uptrend, we can stay on up side on gbpjpy.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 0.7938
Resistance One (R1): 0.7692
Pivot Point: 0.7560
Support One (S1): 0.7314
Support Two (S2): 0.7182
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