130,27. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 128,80 (147 pips). The consolidation should continue. The price should continue to move in Bollinger bands. If the support is broken then the target will be 120,00 (1027 pips).
130,50 - 131,70
128,80 - 127,50