208,88. GBP JPY is in an uptrend supported by 1H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 208,50 / 210,70 range. If the resistance is broken then the target will be 214,00. We won't take a position. The risk/reward ratio is too high to take a position..
206,65 - 210,70
208,50 - 206,50