The reason why we feel GBPJPY may RISE.
* It may Rise and come near 161.977 levels
* (3,3,14,Close) is Rising.
* (14,CLOSE) is Rising.
* (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :160.95, SL: 160.67, TGT 01: 161.65, TGT 02: 161.97, TGT 03: 162.95. The view expressed here is on weekly basis. [b]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.