GBPJPY Daily Forecast Aug 29 2014

Outlook in GBPJPY  remains on the upside as long as support 171.60  holds on a daily closing basis , resistance comes at the 173.21 levels , a halt is likely but a break would open 174.00  next , further upside will aim the 174.80  levels…

On the downside , support comes at the 171.60 levels (main) , a clear break below the 171.60  levels will turn outlook neutral for retesting the 1740.42  levels before the next rise…

In all , as long as support  171.60  holds on a daily closing basis , outlook in GBPJPY  remains on the upside towards the 173.21  levels and possible higher towards the 174.00 levels, below 171.60  levels will reverse risk towards the 170.42  levels before the next rise….

GBPJPY Daily Forecast Aug 29 2014

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