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GBPJPY Weekly Technical Analysis (8-12 June,2015) | June 7, 2015



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Gbpjpy is moving up with a wedge pattern. This pair is following that chart pattern and now it is at the top level of the wedge pattern. We can expect some retrace from that level and then start bullish rally again. We can buy from near term buy zone. This buy zone is staying at 190.70 area. Another buy zone lies on 190 area. If we find bullish candle on that level, then we can buy from that area and target will be 192 and 195 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 194.14

Resistance One (R1): 192.93

Pivot Point: 190.73

Support One (S1): 189.52

Support Two (S2): 187.32


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