It's been quite a volatile week as far as GBPJPY price action is concerned. The pair opened the week with a 150 pips down gap which was filled the same day and then again the bearish trend resumed and the pair dropped around 650 pips on concern of Greece & Chinese stock market meltdown.

However, as the week progressed there were some glimmer of hope of a positive solution to Greece issue. Plus there was no negative fundamental news coming out of U.K. and as such the pair recovered quickly and closed about 100 pips above Weekly open price.

Current price action suggest continuation of bullish movement in coming days atleast towards 195.30 level.

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