206,82. GBP JPY broke 207,00 support. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resistance below 207,30. The downtrend should continue to gather momentum. The target is expected at 205,00 (175 pips).
Resistances
207,30 - 207,80
Supports
206,00 - 205,00