GBPJPY Weekly Forecast Jun 23 2014

Outlook in GBPJPY remains on the upside this week towards the 175.95 levels as long as support 170.95  holds  on a weekly basis, , a halt is likely , but a break would open 179.25 next , further upside will aim the 182.85 levels.

On the downside , support comes at the 172.25 levels ahead of 170.95 ( main) , stability above support levels will keep the bullish momentum intact , however ; losing the 170.95 levels on a weekly closing basis will reverse risks towards the 169.53/168.11 levels , before the next possible rise.

In all , as long as support 170.95 holds on a weekly closing basis , outlook in GBPJPY remains on the upside towards the 175.95 levels ahead of the 179.25 levels .Below 170.95 will reverse risks towards the 169.53/168.11 levels……

 

GBPJPY Weekly Forecast Jun 23 2014

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