210,02. GBP JPY is in an uptrend supported by 1H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. There is an horizontal range between 209,60 and 210,20. Support and resistance are given by Bollinger bands. The volatility is low. 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 Bollinger bands. If the resistance is broken then the target will be 214,00.
We are waiting for a break of resistance to take a long position.
210,70 - 211,90
209,60 - 208,50