150,27. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resistance below 150,50 (23 pips). The downtrend should continue on 149,20 support (107 pips).
Resistances
150,40 - 150,80
Supports
150,00 - 149,20

tags: Forex, gbpjpy
author: Arnaud Jeulin
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