GBPJPY Daily Forecast Mar 17 2015

Outlook in GBPJPY remains on the downside as long as 180.77/181.46 resistance holds on a daily closing basis , support comes at the 179.60 levels , a halt is likely , but a cut would open 178.00 next , further down will target the 176.50 levels.

On the upside , resistance comes at the 180.77/181.46  levels , stability below this level will keep the pair under pressure , however , sustained breakout – daily closing above the 181.46 levels will suggest short term bottoming and open 183.81/185.02 levels before the next fall…

In all ,as long as 180.77/181.46  resistance holds on a daily closing basis , outlook in GBPJPY remains on the downside towards the 179.60 levels ahead of the 178.00 levels , above the 181.46 levels faces a recovery risk below the 183.81/185.02 levels before the next fall…

 

GBPJPY Daily Forecast Mar 17 2015

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