210,74. GBP JPY is in an downtrend directed by 4H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. There is an horizontal range between 109,60 and 212,20. Support and resistance are given by Bollinger bands. The volatility rises. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
211,60 - 212,20
209,50 - 207,00