141,75. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The consolidation should continue. The price should continue to move in 140,30 / 142,75 range.
Resistances
142,75 - 145,50
Supports
140,30 - 140,00

tags: Forex, gbpjpy
author: Arnaud Jeulin
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