GBPJPY Weekly Forecast Aug 25 2014

Outlook in GBPJPY remains on the downside as long as resistance 173.50 holds on a weekly closing basis , support comes at the 170.95 levels , a clear break below this level will pave the way towards the 169.53 levels , further losses will aim the 167.70 levels..

On the upside , a clear break above 173.50 levels will turn outlook neutral for retesting the 175.36 levels before the next fall , If this important resistance is taken out , the pair will have large bullish implication towards the 179.18 levels.

In all , as long as resistance 173.50 holds on a weekly closing basis , outlook in GBPJPY remains on the downside towards the 170.95/169.53 levels , above the 173.50 levels will reverse risk towards the 175.36 levels before the next possible fall..

 

GBPJPY Weekly Forecast Aug 25 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS