160,97. GBP JPY is in an uptrend supported by 1H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 160,20 (77 pips). The uptrend should continue to gather momentum.
Resistances
162,25 - 164,00
Supports
160,20 - 158,70

tags: Forex, gbpjpy
author: Arnaud Jeulin
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