GBP/JPY - British Pound Yen, European Session - 03/07/09
03 July 2009 @ 01:49 am EDT
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
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