GBPJPY Weekly Forecast Sept 15 2014

Outlook in GBPJPY remains on the upside as long as support 173.95  holds on a weekly closing basis , resistance comes at the 174.65 levels , sustained trading above the 174.65  levels will open 176.10 next , a halt is likely , but a clear break above the 176.10  levels will turn focus on the 178.00 levels ahead of the 180.00 levels..

On the downside , support comes at the  173.95 levels , a clear break below this level will turn outlook neutral for retesting the 170.87/169.33 levels before  the next rise…

In all , as long as support  173.95 holds on a weekly closing basis , outlook in GBPJPY remains on the upside towards the 176.10 levels and possible higher towards the 178.00/180.00 levels, a clear break below the  173.95 levels will reverse risk towards the  170.87/169.33  levels before the next rise…..



GBPJPY Weekly Forecast Sept 15 2014