199,68. GBP JPY is in a range between 197,25 and 201,00. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 197,20 / 201,00 range. We won't take a position. The risk/reward ratio is too high to take a position..
200,00 - 201,00
198,30 - 197,25

Arnaud Jeulin