GBP/USD, GBP/JPY Daily Forecast: October 23, 2017
Jason Sen | Oct 23, 2017 07:54AM ET
GBP/USD just about still in a bull trend with first resistance at 1.3205/15. A break higher targets 1.3260/65. We should struggle here, but if we continue higher look for 1.3305/15.
Minor support at 1.3145/40 but below here re-targets 1.3120/16 then 1.3092/90. Below 1.3080 targets the October low at 1.3030/25.
GBP/JPY through 149.30/40 to target 150.15/20 & 150.50/60. On further gains look for 150.95/99 & 151.15/25.
Failure to beat 150.50/60 targets 149.90/86 then first support at 149.65/62. If we continue lower look for a buying opportunity at 149.20/10, with stops below 148.90.
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