139,25. GBP JPY broke 140,00 support. GBP JPY is in an uptrend supported by 1H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 138,70 (55 pips). The consolidation should continue. The price should continue to move in Bollinger bands.
140,00 - 141,55
138,70 - 136,20