153,40. 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, 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 resistance below 154,80 (140 pips). The downtrend should continue to gather momentum.
Resistances
154,10 - 154,85
Supports
153,10 - 152,00

tags: Forex, gbpjpy
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.