204,03. 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 decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 204,40. The downtrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..
204,40 - 205,30
203,50 - 202,50