151,70. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 151,50 (20 pips). The price should consolidate. If the support breaks then the target will be 150,00 (170 pips).
Resistances
153,15 - 155,40
Supports
151,50 - 151,00

tags: Forex, gbpjpy
author: Arnaud Jeulin
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