211,12. GBP JPY is in an downtrend directed by 4H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 207,00 / 212,70 range. We won't take a position. The risk/reward ratio is too high to take a position..
212,00 - 212,70
209,50 - 207,00