136,45. GBP JPY is in a consolidation after the last bearish movement. The price is just above 135,90 support. The volatility rises. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should continue to move in 135,90 / 137,25 range. If the support breaks then the target will be 130,00 (645 pips).
137,25 - 140,00
135,90 - 134,00