160,01. GBP JPY broke 158,75 resistance. GBP JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a support above 159,60 (41 pips). The uptrend should continue to gather momentum.
Resistances
160,20 - 161,00
Supports
157,80 - 157,30

tags: Forex, gbpjpy
author: Arnaud Jeulin
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