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GBP/JPY - British Pound Yen, European Session - 03/07/09

03 Jul, 2009 @ 01:49 am ET | written by Mataf


157,16. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The consolidation should continue. The price should find a support above 156,45 (71 pips).
Resistances
157,60 - 160,00
Supports
156,50 - 155,65

tags: Forex, gbpjpy
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.

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