204,80. GBP JPY is in a consolidation after the last bearish movement. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resistance below 205,00. The downtrend should continue to gather momentum. The price should find a support above 203,00. If the support is broken then the target will be 198,00.
205,00 - 206,25
203,00 - 202,00