155,33. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 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 155,50 (17 pips). The downtrend should continue to gather momentum.
Resistances
155,50 - 156,40
Supports
154,00 - 153,40

tags: Forex, gbpjpy
author: Arnaud Jeulin
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