161,67. GBP JPY is in a consolidation after the last bullish movement. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 161,35 (32 pips). The uptrend should continue to gather momentum.
Resistances
162,10 - 163,10
Supports
161,35 - 160,60

tags: Forex, gbpjpy
author: Arnaud Jeulin
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