GBPJPY Weekly Forecast Jun 30 2014

Outlook in GBPJPY has turned neutral this week , support comes at the 172.45 levels , sustained trading – weekly closing – below this level will reverse risks towards the 170.95 levels before the next possible rise , If this level fails , expect to see the pair around the  169.53 levels…

On the upside , resistance comes at the 173.82 levels , sustained trading – weekly closing – above this level should resume the upside offensive , If seen , the pair will target the 176.00 levels , further upside will aim the 179.00 levels…

In all , the GBPJPY is likely to consolidate within 172.45/173.82 range before the next move , below 172.45 will open 170.95/169.53 levels , above 173.82 will pave the way towards the 176.00 levels ahead of the 179.00 levels……

 

GBPJPY Weekly Forecast Jun 30 2014

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