Daily Strategy on Crosses - GBP/JPY: Oct 31, 2014




31 Oct 2014 08:10GMT

yen  DAILY GBP/JPY CROSS OUTLOOK - 177.75

Intra-day rally to 178.15 signals the up move from
October's 168.02 low to correct decline from 180.72 (Sep)
would extend towards 178.64 after consolidation.

Rasie long entry with stop as indicated and only
below 176.65 confirms temp. top made, 176.16.


STRATEGY : Buy at 177.40

OBJECTIVE : 178.40

STOP-LOSS : 177.00

RES : 178.18/178.64/179.00

SUP : 177.37/176.65/176.16

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