196,66. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 192,50 / 201,00 range. We won't take a position. The risk/reward ratio is too high to take a position..
198,00 - 200,90
195,30 - 192,50