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GBPJPY Weekly Technical Analysis 1-5 February, 2016 | January 30, 2016



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Gbpjpy has broken 170.20 resistance level. After broken this level, this pair has started bullish movement. On 174 level, this pair has found some resistance with 200 ema. For this rejection, this pair has fallen and then it has started bullish movement again. So we need to catch this bullish rally.


We should go for buy from near term buy zone on this pair. So if we find bullish sign after some retrace, then we need to go for buy on this pair with targeting 200-300 pips.


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