161,62. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a support above 161,00 (62 pips). The uptrend should continue to gather momentum.
Resistances
162,40 - 163,40
Supports
161,50 - 160,50

tags: Forex, gbpjpy
author: Arnaud Jeulin
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