$GBPJPY Looking Bearish On Charts For Next Few Sessions

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SUMMARY:

The major trend of GBP/JPY is bearish. In its 4 hourly chart, prices are consolidating with strong negative bias to give break out at downside. 30 and 200 DMA are also supporting the downside movement in the prices. The pair is having an important support at the level of 177.05. If it breaks its major support mark of 177 and sustains below it then we can expect it to test the levels of 176.20/175.80.

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GBP/JPY ( 4 Hourly ) :

INDICATORS:

RSI is sustaining near the selling territory supporting further bearish trend in the pair.

STRATEGY: 

GBP/JPY looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS:

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0448	1.0542	1.0601	1.0695	1.0754	1.0848	1.0907
GBP/USD	1.4426	1.4553	1.4634	1.4761	1.4842	1.4969	1.5050
USD/JPY	119.09	119.46	120.02	120.39	120.95	121.32	121.88
USD/CHF	0.9557	0.9607	0.9691	0.9741	0.9825	0.9875	0.9959
AUD/USD	0.7568	0.7612	0.7652	0.7696	0.7736	0.7780	0.7820
EUR/GBP	0.7178	0.7205	0.7224	0.7251	0.7270	0.7297	0.7316
USD/CAD	1.2405	1.2454	1.2517	1.2566	1.2629	1.2678	1.2741
NZD/USD	0.7440	0.7482	0.7525	0.7567	0.7610	0.7652	0.7695

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