GBP/JPY Is Anticipated To Point Out Upside Movement Today !!

The major trend of GBP/JPY is pessimistic. it's shown straight fall from past 2-3 weeks, however some profit booking is anticipated at this level.The combine has shaped a downward channel that is anticipated to administer a prisonbreak at up aspect. For nowadays if it breaks the level of 172.85 we will see it up to the amount of 173.80. In its hourly chart costs square measure taking resistance from thirty SMA & will return to check two hundred SMA, indicating the positive sentiment concerning the combine, RSI is conjointly sustaining in shopping for teritory, supporting identical. 

Today's Chart: GBP/JPY ( HOURLY):

STRATERGY :- 

GBP/JPY is anticipated to point out upside movement today. The pair is looking strong on charts for next few session. One will select obtain on dips strategy for this combine for intra day to middle term positions.

Daily Technical Report

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2597	1.2609	1.2624	1.2636	1.2651	1.2663	1.2678
GBP/USD	1.6038	1.6050	1.6071	1.6083	1.6104	1.6116	1.6137
USD/JPY	106.81	107.04	107.20	107.42	107.58	107.80	107.96
USD/CHF	0.9530	0.9542	0.9552	0.9564	0.9574	0.9586	0.9596
AUD/USD	0.8610	0.8631	0.8654	0.8675	0.8698	0.8719	0.8742
EUR/GBP	0.7843	0.7848	0.7851	0.7856	0.7859	0.7864	0.7867
USD/CAD	1.1149	1.1164	1.1176	1.1191	1.1203	1.1218	1.1230
NZD/USD	0.7772	0.7784	0.7808	0.7820	0.7844	0.7856	0.7880

TODAY’S ECONOMIC EVENTS

Date MON OCT 13TH 2014	Time (GMT)	Currency	Economic Data
	All Day	EUR	Euro group Meetings
	22:30:00	AUD	RBA Assist Gov Debelle Speaks

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