150,34. GBP JPY is in an downtrend directed by 4H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The consolidation should continue. The price should continue to move in Bollinger bands.
Resistances
150,70 - 151,80
Supports
149,60 - 148,60

tags: Forex, gbpjpy
author: Arnaud Jeulin
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