104,99. 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 low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 206,00. The downtrend should continue to gather momentum. The target is expected at 199,00.
205,50 - 206,00
204,50 - 203,50