GBPJPY Daily Forecast Oct 13 2013

Outlook in GBPJPY remains on the downside as long as resistance 173.57/174.95 holds on a daily closing basis , support comes at the 171.00 levels , a halt is strongly suggested , If 171.00 fails on a daily closing basis , further downside is likely towards the 169.33/168.00 levels.

On the upside , resistance comes at the 173.57 levels ahead of the 174.95 levels (main) , break of 174.95  will bring strong recovery towards the 177.45 levels ,a halt is suggested ,but a break will turn focus on the 180.70 levels.

In all , as long as resistance 173.57/174.95 holds on a daily closing basis , outlook in GBPJPY remains on the downside towards the  171.00 levels and possible lower towards the 169.33/168.00 levels, above the 174.95 levels will bring recovery towards the 177.45 levels.

 

GBPJPY Daily Forecast Oct 13 2013

 

MARKET DATA

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