GBPJPY Weekly Analysis (30 March-3 April, 2015) | March 29, 2015

Gbpjpy is following its downtrend. This pair is full of down pressure. On the chart, we can see that this is respecting down trend line. This pair is now near to important support area. 175.70 level is very critical area for this pair. If this pair can break this level then we can see rapid falling on this pair. So we can wait for breakout of that level. On the other hand, if we can see bullish reversal candle near to support area, then we can go for buy on gbpjpy.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 180.92

Resistance One (R1): 178.99

Pivot Point: 177.72

Support One (S1): 175.79

Support Two (S2): 174.52