157,68. GBP JPY is in a consolidation after the last bullish movement. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a support above 156,65 (103 pips). The uptrend should continue on 158,80 resistance (112 pips).
Resistances
158,10 - 158,80
Supports
157,00 - 156,65

tags: Forex, gbpjpy
author: Arnaud Jeulin
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