162,47. GBP JPY is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a resistance below 163,10 (63 pips). The consolidation should continue. If the resistance breaks then the target will be 165,00 (253 pips).
Resistances
163,10 - 164,25
Supports
162,00 - 160,60

tags: Forex, gbpjpy
author: Arnaud Jeulin
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