154,77. GBP JPY broke 155,80 support. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 154,20 (57 pips). The consolidation should continue. If the support breaks then the target will be 152,30 (247 pips).
155,85 - 157,50
154,20 - 152,30

tags: Forex, gbpjpy
author: Arnaud Jeulin
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