GBPJPY Daily Forecast Jun 20 2014

The GBPJPY continued it bullish momentum yesterday  , printed support at the 172.95 levels .This development leaves the pair targeting the 174.55 levels , a halt is likely , but a break would open 175.50 next , further upside will aim the 176.60 levels.

On the downside , support comes at the 173.35  levels ahead of 172.95  ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 172.95 levels on a daily closing basis will reverse risks towards the 172.25/171.02 levels , before the next possible rise.

In all , as long as support 172.95 holds on a daily closing basis , outlook in GBPJPY remains on the upside towards the 174.55 levels ahead of the 175.50  levels .Below 172.95 will reverse risks towards the 172.25/171.02  levels……

 

GBPJPY Daily Forecast  Jun 20 2016

 

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