159,87. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should continue to move in 156,70 / 160,50 range.
Resistances
160,25 - 160,80
Supports
158,80 - 156,70

tags: Forex, gbpjpy
author: Arnaud Jeulin
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