GBPJPY Weekly Technical Analysis (25-29 May,2015) | May 24, 2015

Gbpjpy touched 190 physiological level. From that level, this pair is falling. On h4 time frame, we can see bearish divergence. It can be sell signal on this pair. We can expect some bearish rally on this pair. Near term sell zone is 188.50 area. If this pair can hold this level, we can expect 185 area on this pair. So it is better to stay with the momentum of the pair and should stay on sell side.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 192

Resistance One (R1): 190

Pivot Point: 188

Support One (S1): 186

Support Two (S2): 184