210,13. GBP JPY broke 210,00 resistance. 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 high. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. 1H ForexSto (Modified Stochastic) crosses and gives a positive signal. The consolidation should continue. The price should continue to move in 207,15 / 210,50 range. We won't take a position. The risk/reward ratio is too high to take a position..
210,50 - 211,50
210,00 - 208,60 - 206,85