GBPJPY Daily Forecast Dec 08 2014

Outlook in GBPJPY remains on the upside as long as support 187.27 holds on a daily closing basis , resistance comes at the 190.80 levels , a halt is likely but a breach will open 192.00 next , further upside will aim the 194.00 levels.

On the downside , support comes at the 187.27  levels , losing this level on a daily closing basis will turn outlook neutral and bring a corrective pullback above the 185.95/184.37 levels before the next rise , however ; a clear break below the 184.37 will terminate the current bullish run and turn outlook bearish towards the 180.00 levels ahead of the 173.00 levels.

In all ,as long as support 187.27 holds on a daily closing basis , outlook in GBPJPY remains on the upside towards the 190.80 levels ahead of the 192.00 levels , below 187.27 will turn outlook neutral and bring consolidation above the 185.95/184.37 levels before the next rise.

In the medium term forecast , as long as support 179.81/186.12 holds on a weekly closing basis , outlook remains on the upside towards the 195.43/197.41 levels ahead of the 201.75 levels.

 

GBPJPY Daily Forecast Dec 08 2014

 

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