GBPJPY [2015.11.27] with Weekly Pivot Computed

[Caveat Emptor]
GBPJPY

Even with a neutral news on the Second Estimate GDP q/q and positive news in the Prelim Business Investment q/q on the British pound the pair continued to go downward. Here we can observe that on the past few days the pair tried to break the nearest DP upward and got rejected from there and continued to break the nearest downward DP. The recent broken DP downward has now became a new intraday resistance  for the pair (See and Review 2015.11.25 and 2015.11.26 DPs and charts [1 hour]). We'd observe the pair again  during Monday's session if this current downward trend continues. There are a lot of news for the week for the British Pound and only a single news for the Japanese Yen. We'll see if the news would now push back the pair to be bullish or give more leverage to the bears.

NEWS:

Nov 30
JPY        Retail Sales y/y
GBP        Net Lending to Individuals m/m

Dec 1
GBP        Bank Stress Test Results
GBP        BOE Financial Stability Report
GBP        BOE Gov Carney Speaks
GBP        Manufacturing PMI

Dec 2
GBP        Halifax HPI m/m (Tentative)
GBP        Construction PMI

Dec 3GBP        Services PMI

Current Areas To Consider (Decision Points [DP]):
186.60/186.80
186.20/186.30
185.60/185.80
185.10/185.30
184.60/184.75
184.10/184.30
183.50/183.70
182.40/182.60


Daily Pivot

184.67

Daily Support and Resistance
 R1      185.10
 R2      185.74
 R3      186.17
 R4      186.81
 S1      184.03
 S2      183.60
 S3      182.96
 S4      182.53

Weekly Pivot

185.22

Weekly Support and Resistance
 R1      186.21
 R2      187.95
 R3      188.94
 R4      190.68
 S1      183.48
 S2      182.49
 S3      180.75
 S4      179.76