143,08. GBP JPY is in an downtrend which support is 162,85 and resistance is 166,00. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resistance below 144,20 (112 pips). The consolidation should continue. The price should continue to move in Bollinger bands.
- 144,20 - 146,20
- 142,00 - 139,00