155,11. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue on 152,50 support (261 pips).
Resistances
156,05 - 157,40
Supports
155,00 - 152,50

tags: Forex, gbpjpy
author: Arnaud Jeulin
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