GBPJPY Daily Forecast Sept 04 2014

Outlook in GBPJPY has turned to the downside as long as long resistance 173.00/173.95 holds on a daily closing basis , next support comes at the 171.94/171.66 levels , a halt is likely , but losing the 171.66 levels on a daily closing basis will continue losses towards the 170.42 levels…

On the upside , resistance comes at the 173.00 levels ahead of the 173.95 levels ( main) , break of 173.95 levels on a daily closing basis will turn outlook towards the 174.54/175.36 levels before the next fall…

In all, as long as resistance  173.00/173.95 holds on a daily closing basis , outlook in GBPJPY remains on the downside towards the 171.94/171.66 levels , above the 173.95 will reverse risk towards the 174.54/175.36 levels before the next fall…

 

GBPJPY Daily Forecast Sept 04 2014

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