207,32. GBP JPY broke 207,00 resistance. 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 rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. We won't take a position.
Resistances
208,05 - 209,50
Supports
207,00 - 205,00