GBPJPY Daily Forecast Nov 25 2014

Outlook in GBPJPY has turned neutral with risk to the upside , support comes at the 183.96 levels , a failure to hold below the 183.96 levels on a daily closing basis could mean a return to the 185.95 levels where a breach will turn focus on the 187.30 levels , further upside will aim the 189.00/190.80 levels.

On the downside , support comes at the 183.96  levels , losing this level on a daily closing basis will bring a corrective pullback towards the 182.50/181.09 levels before the next possible rise ….

In all , as long as support 183.96  holds on a daily closing basis , outlook in GBPJPY remains on the upside towards the 185.95 levels where a breach will turn focus on the 187.30 levels . Below 183.96 will bring a corrective pullback towards the 182.50/181.09  levels before the next possible rise.

 

GBPJPY Daily Forecast Nov 25 2014

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