156,15. GBP JPY is in an uptrend supported 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 bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue to gather momentum. The price should find a resistance below 156,50 (35 pips). If the resistance breaks then the target will be 160,00 (385 pips).
Resistances
156,50 - 157,50
Supports
155,00 - 152,50

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