207,16. GBP JPY broke 205,50 resistance. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. 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 - 208,00
205,80 - 204,80