139,18. There is an horizontal range between 138,00 and 139,50. Support and resistance are given by Bollinger bands. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
139,30 - 141,40
137,35 - 135,00