133,50. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 134,00 (50 pips). The downtrend should continue on 130,00 support (350 pips).
- 134,00 - 134,90
- 131,60 - 130,00