204,40. GBP JPY is in a range between 203,60 and 206,20. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. 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..
205,50 - 206,20
204,25 - 203,60