150,99. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resistance below 151,50 (51 pips). The consolidation should continue.
Resistances
151,50 - 153,60
Supports
150,15 - 148,00

tags: Forex, gbpjpy
author: Arnaud Jeulin
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