GBPJPY Weekly Forecast Jun 09 2014

Outlook in GBPJPY remains neutral this week ,on the upside , resistance comes at the 172.97 levels ahead of 173.64 levels (main), sustained trading – weekly closing – above this level will open 174.83  next , further upside will aim the 175.80  levels.  If this resistance is taken out  , expect to see the pair around 179.18/181.35 levels…

On the downside , support comes around the 170.00 levels ahead of 167.76 (main). , sustained trading – weekly closing – below this level is needed to open 163.86  levels , further downside will open 161.63  levels before the next possible rise…..

In all , the GBPJPY is likely to consolidate within 167.76/173.64  range before the next move , above 173.64  will aim the 174.83/175.80  levels , while below 167.76  will look for the 163.86/161.63  levels…

 

GBPJPY Weekly Forecast Jun 09 2014

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