Search ForexCrunch

GBPJPY: With the cross triggering a recovery higher, more strength is expected. On the downside, support comes in at the 178.00 level where a violation will aim at the 177.00 level. A break below here will target the 176.00 level followed by the 175.00 level.

Further down, support lies at the 174.00 level. On the upside, resistance lies at the 180.50 level followed by the 181.50 level where a break will aim at the 182.00 level. A cut through here will aim at the 183.00 level. All in all, the cross remains biased to the upside on correction.

GBPJPY January 20 2015