157,57. GBP JPY is in a consolidation after the last bearish movement. GBP JPY is in a range between 153,70 and 156,85. The volatility decreases. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 153,70 (387 pips). If the support breaks then the target will be 150,50 (707 pips).
Resistances
154,85 - 156,85
Supports
153,70 - 152,30

tags: Forex, gbpjpy
author: Arnaud Jeulin
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