153,92. GBP JPY is in a consolidation after the last bearish movement. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 153,60 (32 pips). The consolidation should continue. If the support breaks then the target will be 147,00 (692 pips).
Resistances
154,55 - 155,70
Supports
153,60 - 152,40

tags: Forex, gbpjpy
author: Arnaud Jeulin
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