150,88. 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 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resistance below 151,25 (37 pips). The downtrend should continue to gather momentum.
Resistances
151,25 - 152,10
Supports
149,30 - 147,50

tags: Forex, gbpjpy
author: Arnaud Jeulin
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