160,10. 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 daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 159,20 (90 pips).
Resistances
160,55 - 162,40
Supports
159,50 - 158,50

tags: Forex, gbpjpy
author: Arnaud Jeulin
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