206,62. GBP JPY is in an downtrend directed by 4H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. GBP JPY is in a range between 204,90 and 210,00. The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The consolidation should continue. The price should find a support above 204,90. If the resistance is broken then the target will be 200,00 (640 pips).
207,00 - 209,00
204,90 - 202,90