GBPJPY Weekly Forecast 27 – 31 Jan

GBPJPY Weekly Forecast 27 – 31 Jan  (Under Pressure )

Recommendations: LONG positions above 166.00  with 171.65 & 173.64 as next targets.

Alternative scenario:The downside breakout of 166.00 will bring a slide to 161.74/160.40.

Description: Outlook in GBPJPY is on the upside this week with risk towards 171.65 ahead of 173.64 levels as long as support 166.00 holds on a daily closing basis, break of 173.64 would challenge 174.83 levels. On the downside losing the key support 166.00 will bring a free fall to 161.74/160.40 ahead of 159.42/157.97 levels.

Support & Resistance : 159.42 , 160.40 , 161.74 , 166.00 (Pivot) , 171.65 , 173.65 , 174.83

 

GBPJPY Weekly Forecast 27 - 31 Jan

MARKET DATA

UPCOMING ECONOMIC EVENTS

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