GBPJPY Daily Forecast Feb 20 2015

Outlook in GBPJPY remains neutral with risk to the upside as long as 181.57/180.39 support holds on a daily closing basis . Resistance cones at the 183.83 levels , a clear break would open 187.79 next , further upside will target the 189.70 levels .

On the downside , support comes at the 181.57 levels  ahead of the 180.39 levels (main) , sustained breakout – daily closing – below the 180.39 levels will terminate the current  bullish run and pave the way towards the 177.73 levels ahead of the 175.50 levels.

In all , as long as 181.57/180.39 support holds on a daily closing basis , outlook in GBPJPY remains on the upside towards the 183.83 levels where a break will open 187.89 levels , a clear break below the 180.39 levels will reverse risk towards the  the 177.73 levels ahead of the 175.50 levels.

 

GBPJPY Daily Forecast Feb 20 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS