GBPJPY Daily Forecast Nov 10 2014

Outlook in GBPJPY  has turned neutral with risk to the upside as long as support 181.21 holds on a daily closing basis , resistance comes at the 184.32 levels , sustained trading above the 184.32 level would open the 187.00  levels where a breach will turn focus on the 190.00 levels , further upside will aim the 191.60 levels.

On the downside , support comes at the 181.21 levels, below 181.21 will bring a corrective pullback towards the 179.81 levels before the next rise , If 179.81 fails , expect pullback to extend towards the 177.50 levels …

In all , as long as support 181.21 holds on a daily closing basis , outlook in GBPJPY remains on the upside towards the 184.32 levels ahead of the 187.00 levels , below 181.21 will turn outlook toward the 179.81  levels before the next move !

 

GBPJPY Daily Forecast Nov 10 2014

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