153,95. GBP JPY broke 154,90 support. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 153,00 (95 pips). The price should consolidate. If the support breaks then the target will be 151,50 (245 pips).
Resistances
154,90 - 156,50
Supports
153,15 - 151,50

tags: Forex, gbpjpy
author: Arnaud Jeulin
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