Thursday, October 30, 2014

GBP/JPY Daily

 GBP/JPY  Daily
15::20 GMT - The 2/3 day range below 174.75/ 175~ continues into this  pm., pegging GBP to the midpoint of the Sep-Oct decline. At the 50%   mark, Oct's rally is stil potentially a corrective rally; we need to see acceptance above 175.00 to turn bullish (at     least into 177.50/ 178.00.)  [NR]
R5: 180.66 ** 19-Sep YTD high
R4: 178.70   23-Sep high
R3: 178.10~ * fr 26-Sep highs
R2: 175.00~ * Jan & Jul highs
R1: 174.75   fr 28-Oct hjghs
S1: 173.65   Tues low
S2: 171.02   22-Oct low
S3: 170.15   17-Oct low
S4: 168.00 * 15-Oct low
S5: 167.72 * 18-Mar low