130,92. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a resistance below 131,70 (78 pips). The consolidation should continue. The price should continue to move in 128,80 / 131,70 range.
131,70 - 133,60
130,00 - 128,80