GBPJPY Daily Forecast Dec 02 2014

Outlook in GBPJPY remains on the upside as long as support 185.95 holds on a daily closing basis ,  resistance comes at the 187.25 levels , a halt is likely but a breach would open 189.00 next , further upside will aim the 191.00 levels.

On the downside , support comes at the 185.95 levels , losing this level on a daily closing basis will bring a corrective pullback towards the 183.95 levels before the next rise , however ; losing the 183.95  will extend the pullback towards the 181.00 levels.

In all, as long as support 185.95 holds on a daily closing basis , outlook in GBPJPY remains on the upside towards the 187.25 levels ahead of the 189.00 levels , below 185.95 will bring  a corrective pullback towards the 183.95 levels before the next rise…

 

GBPJPY Daily Forecast Dec 02 2014

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UPCOMING ECONOMIC EVENTS