155,60. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 155,90 (30 pips). The consolidation should continue.
Resistances
156,50 - 157,70
Supports
155,00 - 153,80

tags: Forex, gbpjpy
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.