203,24. GBP JPY broke 201,60 resistance. GBP JPY is in a consolidation after the last bullish movement. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The consolidation should continue. The price should continue to move in 200,00 / 204,00 range. We won't take a position. The risk/reward ratio is too high to take a position..
203,75 - 204,00
202,75 - 200,00