GBPJPY Daily Forecast Sept 11 2014

Outlook in GBPJPY  has turned  to the upside as long as support 172.77  holds on a daily closing basis , resistance comes at the 174.30  levels , a halt is likely , but a break would open 175.70 next , further upside will aim the 177.17  levels….

On the downside ,support comes at the 172.77  levels , losing this level on a daily closing basis , will turn outlook neutral for retesting 172.25/171.50 levels ahead of the 170.98 levels (main) before the next rise , however ; a clear break below the 170.98 level will signal short term topping and open the 169.35 levels and possible lower the 167.76 levels..

In all , as long as support 172.77  holds on a daily closing basis , outlook in GBPJPY  remains on the upside towards the 174.30  levels and possible higher towards the 175.70  levels , a clear break below the 172.77 levels  will turn outlook neutral towards the 172.25/171.50 levels ahead of the 170.98 levels (main) before the next rise…..

 

GBPJPY Daily Forecast Sept 11 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS