148,74. 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 is low. ForexTrend 1H, 4H (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 resistance below 149,65 (91 pips). The downtrend should continue on 148,25 support (49 pips). If the support breaks then the target will be 145,50 (324 pips).
149,05 - 149,65
148,25 - 147,90

tags: Forex, gbpjpy
author: Arnaud Jeulin
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