GBPJPY Daily Forecast Sept 25 2014

Outlook in GBPJPY has turned neutral with risk to the upside at the moment , support comes at the 177.45 levels , a failure to hold below the 177.45 levels on a daily closing basis , could mean a return to the 180.70 levels , a break will resume the whole rise towards the 184.00 levels , further upside will aim the 187.00 levels…

On the downside , support comes at the 177.45 levels , a clear break below this level will bring consolidation , but any downside move below the 177.45 levels should be contained well by the 173.25 levels….

In all , as long as support 177.45 holds on a daily closing basis , outlook in GBPJPY remains on the upside towards the 180.80 levels and possible higher towards the 184.00 levels , below the 177.45 levels will reverse risk towards the 173.25 levels before the next rise ….

 

GBPJPY Daily Forecast Sept 25 2014

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UPCOMING ECONOMIC EVENTS