GBPJPY Daily Forecast Nov 04 2014

Outlook in GBPJPY remains on the upside as long as support 180.70/179.80 holds on a daily closing basis , resistance comes at the 183.00 levels , a halt is likely , but a breach would open 187.00 next , further upside will call for a run towards the 191.50 levels.

On the downside , support comes at the 180.70 levels ahead of the 179.80 levels (main) , a clear break below 179.80 will turn outlook neutral for retesting the 176.65/174.65 levels before the next rise.

In all , as long as support 180.70/179.80 holds on a daily closing basis , outlook in GBPJPY remains on the upside towards the 183.00 levels ahead of the 185.00/187.00 levels , below 179.80 will turn outlook neutral for retesting the 176.65/174.65 levels before the next possible rise.

 

GBPJPY Daily Forecast Nov 04 2014

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