205,47. GBP JPY broke 207,00 support. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 205,00. If the support is broken then the target will be 202,50 (300 pips). We won't take a position. The risk/reward ratio is too high to take a position..
206,15 - 207,00
205,00 - 202,50