GBPJPY Daily Forecast Sept 17 2014

Outlook in GBPJPY  remains on the upside as long as support 173.00  holds on a daily closing basis , resistance comes at the 174.65  levels ,a clear break above the 174.65 levels will turn focus on the 176.00  levels , a  halt is likely , but a break would open 178.00  next , further upside will aim the 180.00  levels….

On the downside ,support comes at the 173.70/173.00  levels , losing this level on a daily closing basis , would only delay the bullish move and bring consolidation  ; but downside below 173.00 should be contained well above the 172.20/170.98 levels ….

In all , as long as support 173.00  holds on a daily closing basis , outlook in GBPJPY  remains on the upside towards the 174.65  levels and possible higher towards the 176.00  levels , a clear break below the 173.00  levels  will turn outlook neutral towards the 172.20/170.98   levels before the next rise…..

 

GBPJPY Daily Forecast Sept 17 2014

 

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