211,81. GBP JPY broke 211,50 resistance. GBP JPY is in a consolidation after the last bullish movement. GBP JPY is in a range between 210,00 and 212,00. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 210,00 / 212,00 range. We won't take a position. The risk/reward ratio is too high to take a position..
212,00 - 212,50
211,50 - 210,50