157,25. GBP JPY broke 159,50 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue on 156,00 support (125 pips).
Resistances
158,50 - 159,75
Supports
156,70 - 156,00

tags: Forex, gbpjpy
author: Arnaud Jeulin
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