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GBPJPY Weekly Technical Analysis (9-13 March, 2015) | March 8, 2015
Gbpjpy fell sharply last week. From resistance 185, this pair start falling. It also broke 183.50 support level. After big fall, now this pair is staying on another support level. 181.50 is good support for this pair. So if this pair can break this support, we can get more bearish rally on this pair. After breakout, we can target 180.20 area. On the other hand, if this pair pulled back from this support, we can take buy entry.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 186.11
Resistance One (R1): 183.88
Pivot Point: 182.67
Support One (S1): 180.44
Support Two (S2): 179.23
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