159,54. GBP JPY is in a consolidation after the last bearish movement. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). 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 159,00 (54 pips). If the support breaks then the target will be 157,50 (204 pips).
Resistances
160,50 - 163,10
Supports
158,95 - 157,50

tags: Forex, gbpjpy
author: Arnaud Jeulin
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