148,90. 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 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 148,30 (60 pips). The consolidation should continue. If the support breaks then the target will be 145,50 (340 pips).
Resistances
149,65 - 151,80
Supports
148,30 - 147,90

tags: Forex, gbpjpy
author: Arnaud Jeulin
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