198,77. 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. We won't take a position. The risk/reward ratio is too high to take a position..
199,70 - 202,00
197,00 - 195,30