207,42. GBP JPY broke 205,70 resistance. GBP JPY is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 207,50. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
207,50 - 208,40
206,00 - 205,00